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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Kuwait government calls September election amid political tensions

Crown Prince Mishal Al-Ahmad Al-Jaber Al-Sabah dissolved the assembly in June after opposition lawmakers staged an eight-day strike in the legislature. (AFP)
By TRENDS Desk AFP
August 28, 2022 10:34 pm
  • That came amid growing disputes between that cabinet and opposition MPs, who had won nearly half the seats in the legislature during the previous election in December 2020.
  • The opposition has regularly accused ministers from the royal family of mismanagement and corruption.
The Kuwaiti government on Sunday called a legislative election for September 29, the state news agency said, two months after parliament was dissolved amid simmering political tensions.The only Gulf state with a fully elected legislature, the key oil producer has been hit by regular feuding between the ruling Al-Sabah family and the assembly.

The current government was formed at the start of August after the previous cabinet resigned in April, just three months after being sworn in.

That came amid growing disputes between that cabinet and opposition MPs, who had won nearly half the seats in the legislature during the previous election in December 2020.

The opposition has regularly accused ministers from the royal family of mismanagement and corruption.

Crown Prince Mishal Al-Ahmad Al-Jaber Al-Sabah dissolved the assembly in June after opposition lawmakers staged an eight-day strike in the legislature.

An official decree, reported by the KUNA news agency, said nominations were now open for candidates to register ahead of the September vote.

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