By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Kuwait’s emir dissolves country’s parliament after years of deadlock
News

Kuwait’s emir dissolves country’s parliament after years of deadlock

News Room
Last updated: 2024/05/11 at 7:53 AM
By News Room
Share
3 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Kuwait’s emir has dissolved the country’s parliament following years of political deadlock, accusing lawmakers of infringing on the monarch’s powers and alleging corruption has spread throughout state institutions.

Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah said on Friday the democratic process would be revised “in its entirety” and that sections of Kuwait’s constitution would be suspended for up to four years, hinting that parts of the document would probably be amended. 

The emir, a member of the ruling Al-Sabah dynasty who took the throne last year, said that lawmakers were encroaching on the powers of the head of state, including to choose a crown prince — the royal who handles day-to-day affairs. 

“Unfortunately, we have faced some unimaginable, unbearable difficulties and impediments,” the 83-year-old said on Friday, according to the state news agency, a reference to the gridlock that has held back Kuwait’s development.

“We were left with no option other than taking this hard decision to rescue the country and protect its higher national interests and resources of the nation,” Sheikh Mishal added.

“I will not allow . . . that democracy will be exploited to destroy the state.”

Although Kuwait’s monarch appoints the cabinet, with members of the ruling family in important posts, voters select lawmakers for its 50-person legislative assembly. The active parliament has frequently frustrated Kuwait’s government, stymying laws and grilling ministers. The chamber has been dissolved many times. 

Kuwait’s new parliament had been due to start its session on Tuesday after voters elected lawmakers this year in the country’s fourth ballot in four years.

Bader al-Saif, assistant professor of history at Kuwait University, said in a post on X that the emir’s move was a “historic step”.

Kuwait is the Middle East’s fourth biggest crude oil exporter and its sovereign wealth fund, the Kuwait Investment Authority, is estimated by the Sovereign Wealth Fund Institute to have assets of $923bn under management.

But the tiny country, wedged between Saudi Arabia and Iraq, has long struggled to use its oil riches to develop the state, partly because of perennial conflict between the parliament and the ruling family, which dominates the executive. Parliament has blocked Kuwait’s government from borrowing or dipping into its sovereign wealth fund. 

Sheikh Mishal assumed the throne when his predecessor and half brother Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah died after just three years as ruler. 

Read the full article here

News Room May 11, 2024 May 11, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
How the shadow fleet is capitalising on the chaos of war

December 2022The Strateg, originally named Melodia and sailing under the Marshall Islands…

Why it’s not time to buy the tech dip, gold, and silver on fire

Watch full video on YouTube

Here’s How The Conflict In Iran Is Affecting Markets

Watch full video on YouTube

17 Education & Technology Group Inc. (YQ) Q4 2025 Earnings Call Transcript

Operator Good evening, and good morning, ladies and gentlemen, and thank you…

Bessent says “do not retaliate” and “have an open mind” when it comes to Trump and Greenland.

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

How the shadow fleet is capitalising on the chaos of war

By News Room
News

17 Education & Technology Group Inc. (YQ) Q4 2025 Earnings Call Transcript

By News Room
News

UTG: Create Dividend Growth From AI Data Centers (NYSE:UTG)

By News Room
News

Invesco High Yield Fund Q4 2025 Commentary (AMHYX)

By News Room
News

Warner Music Group Stock: Even At 52-Week Lows, I Still Have Concerns (NASDAQ:WMG)

By News Room
News

Five Below Stock Might Grow Faster Than Its Management Expects (NASDAQ:FIVE)

By News Room
News

Firefly Aerospace Inc. (FLY) Q4 2025 Earnings Call Transcript

By News Room
News

Sandisk Stock’s Quiet AI Boom Could Still Surprise Investors (NASDAQ:SNDK)

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?