Kuwait Re-Appoints Sheikh Ahmad Nawaf Al-Sabah as PM

A view of Kuwait City, Kuwait. (AFP file photo)
A view of Kuwait City, Kuwait. (AFP file photo)
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Kuwait Re-Appoints Sheikh Ahmad Nawaf Al-Sabah as PM

A view of Kuwait City, Kuwait. (AFP file photo)
A view of Kuwait City, Kuwait. (AFP file photo)

Kuwait's Crown Prince re-appointed Sheikh Ahmad Nawaf al-Sabah as prime minister and asked him to nominate a cabinet, state news agency KUNA reported on Sunday, more than a month after the government resigned due to renewed friction with parliament.

A long-running standoff between the government and the elected parliament has hampered efforts by the country to push through fiscal reforms, including a debt law allowing Kuwait to tap international markets.

Crown Prince Sheikh Meshal al-Ahmad al-Sabah, who has taken over most of the ruling emir's duties, moved last year to end feuding by naming Sheikh Ahmad as premier, dissolving parliament and calling early polls.

Tensions resurfaced when lawmakers pressed the government sworn in last October for a debt relief bill, under which the state would buy Kuwaiti citizens' personal loans, and sought to question two ministers, prompting the government to resign in January.

While Kuwait has strong fiscal and external balance sheets, frequent political bickering and institutional gridlock have hampered investment and reforms aimed at reducing its heavy reliance on oil revenues.



Saudi Crown Prince Donates SAR1 Bln to Support Housing Ownership within 12 Months

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister. (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister. (SPA)
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Saudi Crown Prince Donates SAR1 Bln to Support Housing Ownership within 12 Months

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister. (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister. (SPA)

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister, has made a substantial personal donation of SAR1 billion to the National Development Housing Foundation's (Sakan) Jood Eskan, generously contributing to facilitating homeownership for eligible beneficiaries and families in need.

Reflecting his commitment to ensuring a decent standard of living for all citizens, Crown Prince Mohammed has mandated the swift completion of these housing projects within 12 months, directed that national companies execute the projects, and required monthly progress reports on the ownership process to ensure transparency and accountability.

This donation underscores the Crown Prince's ongoing dedication to the housing sector and his particular focus on supporting deserving families. Recognizing the pivotal role of stable housing in fostering social well-being and driving developmental progress, the initiative aims to provide thousands of families with the security and opportunity they need to thrive.