Kuwait’s Emir Sheikh Meshal has issued a decree to appoint Sheikh Ahmad Abdullah Al Ahmad Al Sabah as Prime Minister and to ask him to form a new government.
Sheikh Ahmad replaces Prime Minister Sheikh Dr Mohammed Sabah Al Salem, who submitted his government's resignation to the Emir following recent elections.
Sheikh Ahmad is a Kuwaiti economist and has served as head of the Crown Prince’s Court since 2021. In 2009, Sheikh Ahmad was appointed minister of oil and minister of information, holding those portfolios for two years.
He served as health minister from 2005 to 2007, as transport minister from 1999 until 2006, minister of planning and minister of state for administrative development affairs from 2003 until 2005 and finance minister from 1999 and 2001.
On Sunday, 41 of Kuwait's 50 MPs met informally inside the National Assembly and agreed on the agenda for the coming session. Key issues include raising the cost-of-living allowance for Kuwaitis, amending the election commission law and extending the power of the judiciary to citizenship issues.
The meeting came amid reports that Sheikh Dr Mohammed refused to form a government unless certain conditions were met.
A decree issued by Sheikh Meshal postponed the opening session of parliament to May 14, after it was previously set for April 17.
Disputes between appointed Kuwaiti government and elected MPs have often led to political paralysis. The latest election was the fourth to be held since December 2020.
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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How much do leading UAE’s UK curriculum schools charge for Year 6?
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- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.
