Kuwaiti Prime Minister Sheikh Sabah Al Khaled Al Sabah and members of his new government performed the constitutional oath before the country’s National Assembly on Tuesday.
Article 91 of the Kuwaiti constitution requires members of the government who are not members of parliament to take the constitutional oath in a session of the National Assembly, according to the Kuwait News Agency (Kuna).
Last week, members of the new Kuwaiti government were sworn in before Crown Prince Sheikh Mishaal Al Ahmad Al Jaber Al Sabah at the Bayan Palace, a day after the crown prince issued a decree to form the new cabinet headed by Sheikh Sabah.
Sheikh Sabah was reappointed last month to form a new government following the resignation of his previous cabinet after a political stand-off with the Kuwaiti parliament.
Also reappointed as Deputy Prime Minister and Minister of Oil is Mohammed Abdul Latif Al Fares, who has announced an oil production target for the ministry of 3.5 million barrels per day by 2025, up from the current 2.6m bpd production average.
Who is in Kuwait's new cabinet?
Deputy Prime Minister and Minister of Defence: Hamad Jaber Al Ali Al Sabah
Deputy Prime Minister and Minister of Interior: Ahmad Mansour Al Ahmad Al Sabah
Deputy Prime Minister, Minister of Oil, and Minister of Electricity, Water and Renewable Energy: Dr Mohammed Abdul Latif Al Fares
Minister of Awqaf (Endowment) and Islamic Affairs: Issa Ahmad Al Kandari
Minister of Foreign Affairs and Minister of State for Cabinet Affairs: Dr Ahmad Nasser Al Mohammed Al Sabah
Minister of State for Municipal Affairs and Minister of State for Communication and Information Technology: Dr Rana Abdullah Al Fares
Minister of Education and Minister of Higher Education and Scientific Research: Dr Ali Fahad Al Mudhaf
Minister of Justice and Minister of State for Nazaha (Integrity) Enhancement: Justice Jamal Hadhel Al Jalwai
Minister of Information and Minister of Culture: Dr Hamad Ahmad Rouhaddeen
Minister of Health: Dr Khaled Mhawes Al Saeed
Minister of Finance and Minister of State for Economic Affairs and Investment: Abdulwahab Mohammed Al Rushaid
Minister of Public Works and Minister of State for Youth Affairs: Ali Hussein Al Mousa
Minister of Commerce and Industry: Fahad Mutlaq Al Shurai'an
Minister of Social Affairs and Community Development: Mubarak Zaid Al Mutairi
Minister of State for Housing Affairs and Urban Development: Mubarak Zaid Al Mutairi
Minister of State for National Assembly Affairs: Mohammad Obaid Al Rajhi
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Engine: 3.8-litre V6
Power: 295hp at 6,000rpm
Torque: 355Nm at 5,200rpm
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On sale: now
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Who is Mohammed Al Halbousi?
The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.
The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.
He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.
He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.
He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.
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It's up to you to go green
Nils El Accad, chief executive and owner of Organic Foods and Café, says going green is about “lifestyle and attitude” rather than a “money change”; people need to plan ahead to fill water bottles in advance and take their own bags to the supermarket, he says.
“People always want someone else to do the work; it doesn’t work like that,” he adds. “The first step: you have to consciously make that decision and change.”
When he gets a takeaway, says Mr El Accad, he takes his own glass jars instead of accepting disposable aluminium containers, paper napkins and plastic tubs, cutlery and bags from restaurants.
He also plants his own crops and herbs at home and at the Sheikh Zayed store, from basil and rosemary to beans, squashes and papayas. “If you’re going to water anything, better it be tomatoes and cucumbers, something edible, than grass,” he says.
“All this throwaway plastic - cups, bottles, forks - has to go first,” says Mr El Accad, who has banned all disposable straws, whether plastic or even paper, from the café chain.
One of the latest changes he has implemented at his stores is to offer refills of liquid laundry detergent, to save plastic. The two brands Organic Foods stocks, Organic Larder and Sonnett, are both “triple-certified - you could eat the product”.
The Organic Larder detergent will soon be delivered in 200-litre metal oil drums before being decanted into 20-litre containers in-store.
Customers can refill their bottles at least 30 times before they start to degrade, he says. Organic Larder costs Dh35.75 for one litre and Dh62 for 2.75 litres and refills will cost 15 to 20 per cent less, Mr El Accad says.
But while there are savings to be had, going green tends to come with upfront costs and extra work and planning. Are we ready to refill bottles rather than throw them away? “You have to change,” says Mr El Accad. “I can only make it available.”
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
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The biog
Age: 46
Number of Children: Four
Hobby: Reading history books
Loves: Sports
Killing of Qassem Suleimani
National Editorial: Suleimani has been killed, now we must de-escalate
Jack Moore: Why the assassination is such a monumental gamble
Matthew Levitt: Iran retains its ability to launch terror attacks
Damien McElroy: A CEO tasked with spreading Iran's influence
Hussein Ibish: Trump's order on solid constitutional ground
Simon Waldman: Cautious Israel keeping a low profile
