Trump's claim of 'massive cheating' in Philadelphia rejected by officials    China is building new villages on its remote Himalayan border    Kamala Harris cancels election night party as path to victory narrows    Netanyahu fires Israeli Defense Minister after months of clashes over war and politics    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Al-Khateeb: Saudi Arabia is the largest global investor in tourism sector "Saudi Land" pavilion inaugurated at World Travel Market in London    Saudi Crown Prince, Japanese PM discuss over phone efforts made to achieve peace in the region    Saudi Deputy FM meets Lt. Gen. Al-Burhan of Sudan    Saudi Arabia, in its drive to enrich Arab culture, launches Arab Week at UNESCO in Paris    Neymar exits Al Hilal match with muscle injury, leaving fans disappointed    Saudi Arabia approves cooperation agreement with US for the use of outer space for peaceful purposes    Quality of Life Program CEO highlights Saudi urban transformations at UN-Habitat conference in Cairo    AlHisn Big Time Studios unveiled to transform film and TV production in Riyadh    Almarai wins 'Best Corporate Sukuk' at Asset Triple A Islamic Finance Awards    Top climber falls to death after rare Himalayan feat    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Quincy Jones, titan of US music, dies aged 91    Hidden sugars in Asia's baby food spark concerns    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Islamists to control Kuwait assembly
By Ulf Laessing
Published in The Saudi Gazette on 06 - 05 - 2009

ISLAMISTS and tribesmen are likely to maintain their grip on Kuwait's parliament at an election this month, putting at risk plans to attract more investment by opposing cuts to a huge welfare state amid a financial turmoil.
The Gulf Arab state's ruler, Emir Sheikh Sabah Al-Ahmad Al-Sabah, called elections for May 16, the second in a year, to end a protracted conflict between the 50-seat assembly and the cabinet that has hindered legislation for three years.
But analysts and investors see no end to a pattern of political crises in the OPEC member which has seen three elections and five cabinets in three years with a long backlog of bills.
With a financial crisis gnawing at the only Gulf Arab state yet to be forced to rescue one of its major banks, Islamists are set to benefit from campaigns opposing public sector cuts and the sale of state firms – steps viewed as major reforms.
“I don't think that the political situation will improve after the vote,” said Birgit Ebner, who manages a Middle Eastern share fund at Germany's Frankfurt-Trust, one of the few international investors on the Kuwait bourse.
“There seem to be more or less always the same people in parliament. I'm not convinced to give the new assembly the benefit of the doubt,” she added.
Monica Malik, regional economist at EFG-Hermes in Dubai, agreed: “The last two parliaments show that Kuwaiti voters made similar voting decisions.”
In the last assembly, Sunni Islamists held some 26 of the 50 seats, Shi'ite representatives had five, while there were also some seven liberals. The rest were roughly independent or tribal politicians, many of them team up with Islamists.
With two of five electorate districts located in tribal areas, 20 of the 50 seats seem safe for tribesmen or Islamists who are on the rise: Every second voter symphathises with Islamists, according to a poll published by Al-Watan last week.
Few deals
Kuwait, a conservative Sunni-led nation, of which a third of its citizens are Shi'ites, has had few sectarian tensions.
Several Islamists have assumed top state functions such as Commerce & Industry Minister Ahmad Baqer, a member of the Salafist movement – an appointment that has, like others, not changed the overall direction of the ministry much. Political analyst Shafiq Al-Ghabra said Islamists were not trying to alter the system, which allows more freedom than other Gulf states, but wanted to influence school curricula, the role of women and to defend subsidies for citizens.
“The Islamists are most organized...They're trying to champion themselves helping the lower and middle classes,” said Ghabra, a professor for political science at Kuwait University.
Together with tribesmen, Islamists have been the driving force in a parliament that has to approve all bills, the budget, and can stop deals, unusual in a region ruled by families.
With a ban on parties there is no united front but several Islamists, tribalists and even liberals have scuppered deals with foreign firms – most prominently a $17 billion project with Dow Chemical , just a month after Kuwait signed it.
“The Dow Chemical case has had an impact on how Kuwait is viewed as an investment destination. The political risk for investors is higher than in other Gulf states,” said Malik.
Analysts say Kuwait, which sits on a tenth of global crude reserves, needs to diversify its economy to prepare for the post-oil era. But the energy sector still accounts for more than 40 percent of the GDP, compared to 3 percent in Dubai.
Despite being home to the Arab world's second-largest bourse, Kuwait has seen few foreign investors as plans for a regulator to end insider trading fell prey to the standoff.
“We're underweight with Kuwaiti stocks due to transparency issues, problems of the financial sector and a political standstill,” said Ebner who prefers investing in Qatar and Egypt.
A country manager of a Western firm is more blunt after a deal failed: “It's very difficult. Not much gets signed or if it was, it may get cancelled or delayed. Not even urgent projects get done because the ministries are scared of parliament.”
Diplomats said a recently planned business delegation visit had been cancelled due to a lack of interest of firms.
More trouble might be on the horizon as many candidates join Islamist demands to buy up loans of citizens, in contradiction to government efforts to end a nanny state.
“I think the financial crisis and its influences on society have made this call even stronger,” said Abd Al-Rahman Alyan, Editor In Chief of the Kuwait Times.
Risk consultants Political Capital warn the next assembly would probably clash with the cabinet like the last which triggered cabinet resignations by filing questioning requests.
“Who is responsible for the issues we're facing? The government of course, they're the decision-makers,” Saleh Ashur, an Islamist Shi'ite candidate told a rally.


Clic here to read the story from its source.