Fishing boats docked on the bank of the Shatt Al Arab waterway in the southern Iraqi port city of Al Faw. AFP
Fishing boats docked on the bank of the Shatt Al Arab waterway in the southern Iraqi port city of Al Faw. AFP
Fishing boats docked on the bank of the Shatt Al Arab waterway in the southern Iraqi port city of Al Faw. AFP
Fishing boats docked on the bank of the Shatt Al Arab waterway in the southern Iraqi port city of Al Faw. AFP

Kuwaiti MPs call for response over Iraqi sea border ruling


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Several Kuwaiti MPs have called on the government to respond following a recent decision by Iraq’s top court to strike down a law that governs the sharing of a crucial waterway to the Arabian Gulf.

Abdullah Al Mudhaf, who heads the Kuwaiti Parliament’s foreign relations committee, confirmed on Tuesday that the panel had formally put in a request for a meeting with the Ministry of Foreign Affairs to discuss Baghdad's decision.

The Iraqi Federal Supreme Court annulled the law ratifying a 2012 agreement between Iraq and Kuwait on the Khor Abdullah strait in the Arabian Gulf, which regulated maritime navigation on the crucial waterway.

The ruling on Monday, following a case filed by Iraqi MPs last month, said the law was unconstitutional.

Khor Abdullah is a narrow waterway that leads in from the Arabian Gulf, curving around Kuwait's Bubiyan and Warba islands on one side and Iraq's Al Faw Peninsula on the other.

The court said in its ruling that the law was inconsistent with the Iraqi Constitution, which mandates approval through legislation to be passed with a two-thirds majority in parliament.

A day later, the Iraqi court also postponed a case filed by an MP to revoke two government decrees to form committees from different ministries with Kuwait for the demarcation of maritime borders.

MP Soud Al Saied told The National the two decrees by the previous government in 2021 were unconstitutional because former prime minister Mustafa Al Kadhimi had to send a draft law for the demarcation of Iraqi-Kuwaiti maritime borders to parliament.

Mr Al Saiedi, who filed the case, also argued the two decrees were not signed by Mr Al Kadhimi but by his office manager.

The committees held several meetings with the Kuwaiti side and reached preliminary understandings, he said.

A bus crosses the Shatt al-Arab Bridge at sunset in the southern Iraqi port city of Basra, near the border with Kuwait, on December 3, 2021. AFP
A bus crosses the Shatt al-Arab Bridge at sunset in the southern Iraqi port city of Basra, near the border with Kuwait, on December 3, 2021. AFP

In Tuesday’s session, the highest court accepted the government representative's request for postponement to offer more supporting documents, he added.

The next session will be held on September 20, he said.

While the Kuwaiti government is yet to formally release a statement since the Iraqi court’s ruling, government and parliamentary sources told The National that it remains an internal Iraqi matter and that further discussions are being prepared in the meantime.

“This decision by the court does not cancel the current agreement between the two countries,” Kuwaiti political analyst Dahem Al Qahtani told The National. “The agreement is in accordance with international treaties and applies between the two countries after it is signed by the governments of the two countries and the text of the treaty is registered with the United Nations.”

Following Iraq's invasion of Kuwait in 1990, the UN Security Council passed Resolution 833 in 1993 which determined the land border between Iraq and Kuwait.

However, the delineation of the maritime border was left to the two countries.

In July, Kuwaiti Foreign Minister Sheikh Salem Al Sabah visited Baghdad and both sides vowed to resolve the pending issues, mainly the maritime border demarcation beyond Khor Abdullah and the joint oilfields.

They then announced that the technical-legal committee on the maritime border would meet in Baghdad on August 14, followed by a visit from the Kuwaiti Oil Minister and his delegation on September 10.

For her part, MP Jenan Bushehri who also sits on the Kuwaiti foreign relations committee said a meeting with the foreign ministry in the coming days would be the next step.

“The decision to hold a meeting in the presence of the Ministry of Foreign Affairs to follow up on the government’s actions and options regarding the Iraqi Federal Court’s ruling is a step in the right direction to activate parliamentary oversight and follow-up, especially since the issue relates to national security and the maritime borders with Iraq,” she said in a statement.

A source close to the matter told The National that the Kuwaiti foreign ministry would respond to the MPs' request to hold a meeting soon. The Kuwaiti parliament is currently on summer break until October when a formal debate – either open or closed – would normally be requested.

Players Selected for La Liga Trials

U18 Age Group
Name: Ahmed Salam (Malaga)
Position: Right Wing
Nationality: Jordanian

Name: Yahia Iraqi (Malaga)
Position: Left Wing
Nationality: Morocco

Name: Mohammed Bouherrafa (Almeria)
Position: Centre-Midfield
Nationality: French

Name: Mohammed Rajeh (Cadiz)
Position: Striker
Nationality: Jordanian

U16 Age Group
Name: Mehdi Elkhamlichi (Malaga)
Position: Lead Striker
Nationality: Morocco

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
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Results:

First Test: New Zealand 30 British & Irish Lions 15

Second Test: New Zealand 21 British & Irish Lions 24

Third Test: New Zealand 15 British & Irish Lions 15

THE TWIN BIO

Their favourite city: Dubai

Their favourite food: Khaleeji

Their favourite past-time : walking on the beach

Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll

Business Insights
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  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs

The Disaster Artist

Director: James Franco

Starring: James Franco, Dave Franco, Seth Rogan

Four stars

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%3Cp%3EMain%20Event%0D%3A%20Catchweight%20165lb%0D%3Cbr%3EMartun%20Mezhulmyan%20(ARM)%20v%20Acoidan%20Duque%20(ESP)%0D%3Cbr%3ECo-Main%20Event%0D%3A%20Bantamweight%0D%3Cbr%3EFelipe%20Pereira%20(BRA)%20v%20Azamat%20Kerefov%20(RUS)%0D%3Cbr%3EMiddleweight%0D%3Cbr%3EMohamad%20Osseili%20(LEB)%20v%20Amir%20Fazli%20(IRN)%0D%3Cbr%3ECatchweight%20161%20lb%0D%3Cbr%3EZhu%20Rong%20(CHI)%20vs.%20Felipe%20Maia%20(BRA)%0D%3Cbr%3ECatchweight%20176%20lb%0D%3Cbr%3EHandesson%20Ferreira%20(BRA)%20vs.%20Ion%20Surdu%20(MDA)%0D%3Cbr%3ECatchweight%20168%20lb%0D%3Cbr%3EArtur%20Zaynukov%20(RUS)%20v%20Sargis%20Vardanyan%20(ARM)%0D%3Cbr%3EFeatherweight%0D%3Cbr%3EIlkhom%20Nazimov%20(UZB)%20v%20Khazar%20Rustamov%20(AZE)%0D%3Cbr%3EBantamweight%0D%3Cbr%3EJalal%20Al%20Daaja%20(JOR)%20v%20Mark%20Alcoba%20(PHI)%0D%3Cbr%3ELightweight%0D%3Cbr%3EJakhongir%20Jumaev%20(UZB)%20v%20Dylan%20Salvador%20(FRA)%0D%3Cbr%3ECatchweight%20143%20lb%0D%3Cbr%3EHikaru%20Yoshino%20(JPN)%20v%20Djamal%20Rustem%20(TUR)%0D%3Cbr%3EFeatherweight%0D%3Cbr%3EJavohir%20Imamov%20(UZB)%20v%20Ulan%20Tamgabaev%20(KAZ)%0D%3Cbr%3ECatchweight%20120%20lb%0D%3Cbr%3ELarissa%20Carvalho%20(BRA)%20v%20Elin%20Oberg%20(SWE)%0D%3Cbr%3ELightweight%0D%3Cbr%3EHussein%20Salem%20(IRQ)%20v%20Arlan%20Faurillo%20(PHI)%3C%2Fp%3E%0A
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

While you're here
Company%20profile
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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

Updated: September 05, 2023, 6:09 PM