Monday, March 8, 2021

Salah Al-Fadli attacks Turki Al-Hamad and Abdul-Khaliq Abdullah for attacking Kuwait | A nation is tweeting out of tune

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Kuwaiti writer and journalist, Dr. Salah Al-Fadli, launched a sharp attack on the Saudi writer close to the royal court, Turki Al-Hamad, and the advisor to Abu Dhabi Crown Prince Mohammed bin Zayed, Abdul Khaleq Abdullah.

Emirati Saudi attack

This came in a tweet by the Kuwaiti media, published on his account on the social networking site “Twitter,” monitored by “Watan”, in response to the Saudi and Emirati attack on his country.

Al-Fadhli said: “Turki Al-Hamad and Abdul-Khaleq Abdullah criticize Kuwait’s democracy while they do not have the courage to criticize anything in their countries related to power. This is the case of intellectuals and the mouths of power.

Al-Fadhli added, “For the knowledge of these and their ilk, freedom of expression and dignity are much more valuable than tall towers and luxurious palaces.”

Kuwaiti response

The pioneers of social networking sites interacted with the Kuwaiti writer’s tweet, stressing the need to put an end to the Saudi and Emirati attacks on Kuwait.

Earlier, the Saudi academic close to the royal court, Turki Al-Hamad, interfered in the Kuwaiti affairs, expressing his mockery of the climate of democracy in the country, unlike what is happening in Saudi Arabia and the Emirates.

Turki Al-Hamad said in a tweet monitored by “Watan”: “Democracy is a burden, not an achievement in some circumstances.”

Turki Al-Hamad added, “Frankly, and without the frustration of our Prime Time Zone in Kuwait, a democracy of the Kuwaiti style, we are indispensable to it.”

He continued, “Saudi Arabia, the UAE and Oman are making achievements without a false democracy.”

The Saudi writer Turki Al-Hamad continued by saying: “Sometimes, and in certain historical circumstances, democracy is a burden, not an achievement,” as he put it.

The tweet sparked a lot of criticism from the Kuwaitis, who considered it a blatant interference by Turki Al-Hamad in the internal affairs of their country.

Parliament

In a surprising move, the Emir of Kuwait, Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, issued an Emiri decree to postpone holding the Kuwaiti National Assembly meetings for a month.

And the implementation of the decision, according to the decree, starts today, Thursday, and is based on Article 106 of the Constitution. According to the Kuwait News Agency, without providing further details.

Article texts

According to the Kuwaiti constitution, Article 106 states that “The Emir may, by decree, postpone the National Assembly meeting for a period not exceeding a month.

According to the constitution, postponement is not repeated in a single session except with the approval of the parliament, and for one period. The postponement period is not calculated within the term of the session.

A confrontation between the National Assembly and the government

This came in the wake of a confrontation between Parliament and the government that led to the government’s resignation last January.

This was after the majority of parliament members supported a proposal to question the Prime Minister Sheikh Sabah Al-Khaled Al-Sabah.

On January 24, the Emir of Kuwait re-assigned Sheikh Sabah Al-Khaled Al-Sabah to form the government.

Another crisis in Kuwait

Earlier, the Kuwaiti Minister of Finance, Khalifa Musaed Hamadeh, stated that the financial liquidity in the Kuwaiti treasury is close to running out. At the same time, he affirmed that his country has a solid financial position, he said.

This came during a statement issued by the Kuwaiti minister, to comment on the decision of the “Fitch” credit rating agency, earlier today, Wednesday. Which reduced its outlook for Kuwait’s debt to “negative.”

Hamada explained during the statement that “Kuwait’s financial position is strong and solid; For being fully supported by the Future Generations Reserve Fund, which is witnessing continuous growth.

The Kuwaiti minister added that “the state’s public finances suffer from structural imbalances related to annual revenues and expenditures. As a result, the treasury was running out of cash.

He pointed out that enhancing liquidity in the treasury is one of the most important priorities of the Kuwaiti government in the coming stage. He stressed the concerted efforts of all parties, and work as one team to achieve public financial sustainability.

Fitch

It is noteworthy that earlier, on Wednesday, Fitch announced the downgrade of its outlook for Kuwaiti sovereign debt. To “negative” from “stable”, while maintaining the country’s rating at “AA”.

Fitch also added in a statement that the revision of expectations reflected the associated near-term liquidity risks. With imminent depletion of liquid assets in the General Reserve Fund.

And in the absence of any parliamentary mandate for the government to borrow.

Fitch also expected the general government deficit to widen to 6.7 billion dinars (22 billion dollars), or 20% of the gross domestic product. In the fiscal year 2020-2021, which ends on March 31.

Kuwait is experiencing one of the largest economic crises, due to the effects of the Corona virus, and because of low oil prices. Which is the main source of more than 90 percent of government revenues.

Generations Reserve Fund

The Kuwaiti newspaper “Al-Qabas” revealed that the Kuwaiti Generations Reserve Fund was able to achieve good returns during the past year. As a result of record highs of global stock markets.

The newspaper also indicated that the generational reserve assets cover the deficit for a period of more than 13 years.

And according to what the local Al-Qabas newspaper reported, on Saturday evening, government sources – unnamed – confirmed that the Generations Reserve Fund. Make good returns over the past year; As a result of record highs of global stock markets.

The sources refused to disclose the confidential data and results of the fund, noting that the total investments of the generations reserve are in stocks. An estimated 87 billion dinars ($ 287 billion).

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Salah Al-Fadli attacks Turki Al-Hamad and Abdul-Khaliq Abdullah for attacking Kuwait |  A nation is tweeting out of tune