AIRLINK 71.69 Decreased By ▼ -2.41 (-3.25%)
BOP 5.00 No Change ▼ 0.00 (0%)
CNERGY 4.39 Increased By ▲ 0.05 (1.15%)
DFML 28.55 Decreased By ▼ -0.99 (-3.35%)
DGKC 82.40 Decreased By ▼ -1.15 (-1.38%)
FCCL 21.95 Decreased By ▼ -0.48 (-2.14%)
FFBL 34.15 Decreased By ▼ -0.75 (-2.15%)
FFL 10.08 Increased By ▲ 0.21 (2.13%)
GGL 10.12 Increased By ▲ 0.12 (1.2%)
HBL 113.00 Increased By ▲ 1.00 (0.89%)
HUBC 140.50 Increased By ▲ 2.81 (2.04%)
HUMNL 8.03 Increased By ▲ 1.05 (15.04%)
KEL 4.38 Decreased By ▼ -0.02 (-0.45%)
KOSM 4.50 Decreased By ▼ -0.09 (-1.96%)
MLCF 38.01 Decreased By ▼ -0.54 (-1.4%)
OGDC 134.69 Decreased By ▼ -1.91 (-1.4%)
PAEL 26.62 Increased By ▲ 1.48 (5.89%)
PIAA 25.40 Decreased By ▼ -1.11 (-4.19%)
PIBTL 6.55 Decreased By ▼ -0.10 (-1.5%)
PPL 121.95 Decreased By ▼ -3.45 (-2.75%)
PRL 27.73 Decreased By ▼ -0.48 (-1.7%)
PTC 13.80 Decreased By ▼ -0.50 (-3.5%)
SEARL 54.89 Increased By ▲ 0.29 (0.53%)
SNGP 69.70 Decreased By ▼ -1.50 (-2.11%)
SSGC 10.40 Decreased By ▼ -0.10 (-0.95%)
TELE 8.50 Decreased By ▼ -0.02 (-0.23%)
TPLP 10.95 Increased By ▲ 0.01 (0.09%)
TRG 60.90 Increased By ▲ 0.20 (0.33%)
UNITY 25.22 Decreased By ▼ -0.11 (-0.43%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
BR100 7,638 Decreased By -26.7 (-0.35%)
BR30 24,972 Decreased By -54 (-0.22%)
KSE100 72,761 Decreased By -3 (-0%)
KSE30 23,625 Decreased By -150.3 (-0.63%)

KUWAIT: Kuwait’s Crown Prince Sheikh Meshal al-Ahmad al-Sabah finally accepted the resignation submitted by the government more than a month ago, issuing a decree on Tuesday asking it to stay on in a caretaker role, state news agency KUNA reported.

A lengthy political feud had hindered fiscal reform in the OPEC oil producer, and led to the government handing in its resignation on April 5 ahead of a non-cooperation motion against the prime minister in parliament.

KUNA said the Emiri decree was issued by Sheikh Meshal, who took over most of the octogenarian emir’s duties late last year.

It gave no timeline for when a new government would be formed.

Kuwaiti companies planning $750mn projects in Pakistan: report

Prime Minister Sheikh Sabah al-Khalid, a member of the ruling al-Sabah family and premier since 2019, has faced a combative legislature as the head of successive cabinets, with opposition MPs bent on questioning him over issues including perceived corruption.

Kuwait has given its elected assembly more influence than similar bodies in other Gulf monarchies, including the power to pass and block laws, question ministers and submit no-confidence motions against senior government officials.

Comments

Comments are closed.