Page 11 - MEOG Week 14 2022

MEOG NEWS IN BRIEF MEOG

POLICY duties to his designated successor, also in his stop all military operations in Yemen. The
80s, tried to end the impasse by pardoning Houthis announced a unilateral ceasefire on
Kuwait’s government dissidents in an amnesty sought by opposition March 26.
The two-month truce has been welcomed
lawmakers. Kuwait does not allow political
resigns in latest standoff parties. by the international community.
Kuwaiti political analyst Nasser al-Abdali
The UAE it supports all efforts made by the
Kuwait’s government submitted its resignation said some ruling family members were using UN envoy to enhance prospects for peace and
on Tuesday, state news agency KUNA parliament to push their agenda as they jostle stability in Yemen and the region.
reported, ahead of a no-confidence vote for power, worsening hostilities. Bahrain praised the response of the
against the prime minister in parliament, “There is a generational struggle inside the leadership of the coalition and said it hopes
amid a lengthy political feud that has hindered ruling family,” he told Reuters. “It is expected that it will constitute an important step as an
fiscal reform in the Gulf oil producer. that the resignation will be accepted and a opportunity to stop the war in Yemen.
Crown Prince Sheikh Meshal al-Ahmad new prime minister appointed.” Welcoming the truce, Japan said there is no
al-Sabah, who took over most of the ruling Since the COVID-19 pandemic, the military solution to the Yemeni conflict, but a
emir’s duties late last year, received the government has taken palliative measures political solution through dialogue among the
government’s letter of resignation from Prime to temporarily boost finances while more Yemeni people.
Minister Sheikh Sabah al-Khalid, KUNA structural reforms remain deadlocked, The Houthis have been criticized for
reported. including the debt law. exploiting the truce by deploying heavy
Sheikh Sabah, a member of the ruling While higher oil prices have offered equipment and military forces outside the
al-Sabah family and premier since late 2019, some relief, Kuwait has been unable to issue strategic city of Marib as they prepare to
has faced a combative legislature as the head international debt since 2017. launch another offensive to capture the city.
of successive cabinets, with opposition MPs Perennial feuding has led to frequent The Yemeni riyal rebounded over the
bent on questioning him over issues including cabinet reshuffles or dissolution of parliament weekend by about 13 percent as peace talks
perceived corruption. holding up investment and reform. continue in the Saudi capital.
The vote in parliament, called a non- REUTERS Money traders told Arab News that the
cooperation motion, was scheduled for riyal rose for the first time in months, from
Wednesday. The current government was Saudi cabinet welcomes UN 1260 to 1070 in government-controlled areas.
appointed in December, the third in 2021 ARAB NEWS
as the standoff with the elected parliament efforts in Yemeni truce
dragged on.
Kuwait has given its assembly more Saudi Arabia said it values the UN’s efforts in OIL
influence than similar bodies in other Gulf the truce in Yemen.
states, including the power to pass and The Cabinet, meeting on Tuesday evening, IOOC plans to enhance
block laws, question ministers and submit expressed hope the cessation of military
no-confidence motions against senior actions would contribute to a political solution output
government officials. in the war-ravaged country.
Fitch Ratings downgraded Kuwait in Yemenis have been invited for a national The CEO of the Iranian Offshore Oil
January to “AA-’ from “AA’, citing “ongoing dialogue through a Gulf Cooperation Council Company (IOOC) outlined the company’s
political constraints” hindering its ability to initiative to find a solution to the seven-year significant steps to increase oil production
pass a debt law and address a heavy reliance war. The Iran-backed Houthi group has capacity from Iran’s offshore fields in the
on oil, a lavish welfare system and a bloated refused to attend the talks in Riyadh. Persian Gulf and restore production capacity
pubic sector. The Coalition to Restore Legitimacy in to before the sanctions.
The octogenarian emir, before delegating Yemen announced last Wednesday it would According to IOOC, Alireza Mehdizadeh

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