The new Kuwaiti Crown Prince Sheikh Meshal Al Ahmad Al Jaber Al Sabah, right, gestures next to Parliament speaker Marzouq Al Ghanem as he takes the oath at parliament, in October 2020. AFP
The new Kuwaiti Crown Prince Sheikh Meshal Al Ahmad Al Jaber Al Sabah, right, gestures next to Parliament speaker Marzouq Al Ghanem as he takes the oath at parliament, in October 2020. AFP
The new Kuwaiti Crown Prince Sheikh Meshal Al Ahmad Al Jaber Al Sabah, right, gestures next to Parliament speaker Marzouq Al Ghanem as he takes the oath at parliament, in October 2020. AFP
The new Kuwaiti Crown Prince Sheikh Meshal Al Ahmad Al Jaber Al Sabah, right, gestures next to Parliament speaker Marzouq Al Ghanem as he takes the oath at parliament, in October 2020. AFP

Kuwait’s Crown Prince officially dissolves parliament by decree


Ismaeel Naar
  • English
  • Arabic

Kuwait’s Crown Prince Sheikh Meshal officially dissolved parliament on Tuesday, paving the way for general elections in the next two months, according to a royal decree.

The decree was expected as the new government led by newly-appointed Prime Minister Sheikh Ahmad Nawaf Al Sabah took the oath of office also on Tuesday.

The Crown Prince said it was in the interest of national security to dissolve parliament after months of political infighting between the National Assembly and the government.

“To rectify the political scene involving a lack of harmony and co-operation, in addition to differences, conflicts, personal interests, failure to accept others, practices and behaviours that undermine national unity, it was a must to resort to the people who represent the destiny, extension, survival and existence so that they could rectify the path in a way that serves their supreme interests,” Sheikh Meshal said in the decree.

Constitutionally, general elections must be held within two months from the date of the decree dissolving the country's National Assembly.

Prime Minister Sheikh Ahmad, a son of ruling Emir Sheikh Nawaf, announced a new cabinet of 12 ministers on Monday, made up of the same ministers, apart from one, who had served under the embattled government of former prime minister Sheikh Sabah Khaled Al Sabah.

The previous government under the former prime minister faced several months of political feuding and tension with the country's national assembly. Several members of the cabinet, including the ministers of defence and foreign affairs, survived no-confidence votes in parliament.

Kuwaiti MPs attending a parliament session at the national assembly in Kuwait City in February. AFP
Kuwaiti MPs attending a parliament session at the national assembly in Kuwait City in February. AFP

Sheikh Sabah was expected to face a vote of non co-operation in April 6 after members of parliament filed a motion following a grilling session but he resigned shortly before the vote could take place.

In late June, Kuwait’s Emir Sheikh Nawaf and Crown Prince Sheikh Meshal announced plans to dissolve the parliament and called for early general elections, warning that “there are dangers and crises surrounding the country from every side”.

“We need to be careful and take lessons because dangers surround us from all sides. There's overlap between the legislative and executive powers, resulting in practices that threaten national unity,” Sheikh Meshal said in a televised address to the nation.

Kuwait differs from its Gulf Cooperation Council sister countries in that its political system constitutes both a royal family and an elected parliamentary body named the National Assembly. Unlike other elected parliaments in the GCC, Kuwait’s National Assembly has a significant degree of power and its members can remove ministers and override a veto by the emir with a two-thirds vote. The emir, on the other hand, has the power to dissolve parliament and has used that power on several occasions.

Crown Prince Sheikh Meshal was granted key constitutional powers late last year, including the ability to issue decrees like the one on Tuesday on behalf of the emir.

THREE POSSIBLE REPLACEMENTS

Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.

Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.

Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.

AL%20BOOM
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Company Profile

Founders: Tamara Hachem and Yazid Erman
Based: Dubai
Launched: September 2019
Sector: health technology
Stage: seed
Investors: Oman Technology Fund, angel investor and grants from Sharjah's Sheraa and Ma'an Abu Dhabi

Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

RIVER%20SPIRIT
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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Updated: August 02, 2022, 1:10 PM