Kuwait Sovereign Debt at KD 4.1Bn
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olympics Page 9 Pages 14, 15 & 16 THE FIRST ENGLISH LANGUAGE DAILY IN FREE KUWAIT Established in 1977 / www.arabtimesonline.com markets SUNDAY, AUGUST 1, 2021 / ZUL-HIJJAH 22, 1442 AH emergency number 112 NO. 17751 16 PAGES 150 FILS Kuwait sovereign debt at KD 4.1bn Pfizer, Tesla prime buys KUWAIT CITY, July 31: The size of the sovereign debt owed by Kuwait in the form of that the State Treasury will have to pay about KD 1.61 billion next March. international and local bonds amounts to KD 4.1 billion, with maturities from 2022 to The sources stressed that international bonds amount to KD 2.44 billion in total, or 59.5 percent, while the local bonds constitute 40.5 percent, with a balance of KD 1.66 billion. 2028, reports Al-Rai daily. They revealed that the Kuwait Investment Authority (KIA) invested in the giant pharmaceutical com- According to informed sources, the first international bond will be due on Kuwait in March 2022 at a value of pany “Pfizer” and in the electric car manufacturer “Tesla”. KD 1.07 billion, which is the same date on which a local bond will mature at about KD 550 million. This means It also has many shares, which achieved an unprecedented rise in their prices during the past fiscal year through its portfolios and not through direct ownership. The sources clarified that Kuwait’s Opinion Day by Day investments in the two giant compa- nies came through the sectoral dis- THE members of the Kuwait Brotherhood tribution of their portfolios, and the who support the head of the Tunisian Broth- indicators they target from these sec- erhood group, Rashid Ghannouchi, are the tors. same people who showered praise on his Blessed Mohammed VI, Tunisia speeches during the Iraqi occupation of They highlighted that the rate of Kuwait. The speeches of Ghannouchi were stock portfolios constituted about venomous and insulted the Kuwaiti leaders, 55 percent of the total assets of the its people, the GCC states and everyone who supported the liberation of the country sovereign fund in the last fiscal year, By Ahmed Al-Jarallah from Saddam Hussein and his army. while the share of real estate invest- Editor-in-Chief, the Arab Times I wonder: What do they want now? Is it ments was close to five percent, add- not enough that one day they were the ones ing that cash and deposits constituted ONCE again, King Mohammed who sold Kuwait and its people, our leaders VI has proven that the Kingdom of and our institutions? an influential share with a balance of Morocco is the pillar of peace in the Oh God, I pray they fail in their endeavors. approximately 20 percent of the total Arab countries of North Africa from … Yet, tomorrow is just another day. assets of the sovereign fund for these where progressive initiatives are Zahed Matar period. launched to the rest of the countries in that region. Therefore, the support provided by the Moroccan King to the Tunisian Newswatch President Qais Saied in his rescue measures for Tunisia, and the dispatch of the Moroccan Foreign Minister Nasser Bourita with a verbal message KUWAIT CITY: The repercussions of continue to be monitored by Yemeni of affi rmation of Rabat’s solidarity the government’s measures in the face security. (AP) with Tunisia in all measures, will help of the COVID-19 pandemic continue ❑ ❑ ❑ prevent the burying of democracy in to prevent cooperative societies from adopting fi nancial and administrative ISTANBUL: Authorities said Saturday it, and increase Moroccan fortifi cation reports and distributing profi ts to citi- that 10 suspects have been detained over the killing of seven people from an of Tunisia. zens. This comes amid demands from The aid provided by Rabat to Tunis ethnic Kurdish family in Turkey’s cen- shareholders to hold general assemblies tral Konya province. Family members in the past few weeks, based on the or- and approve the payment of profi ts, as say the attack was ethnically motivated, der of King Mohammed VI, to boost they express their fears of delay or loss, while authorities blame a long-running its fi ght against the COVID-19 crisis reports Al-Rai daily. feud between two families. was part of the many initiatives under- Undersecretary of the Ministry of Seven people from the Dedeoglu Affairs Abdulaziz Shuaib said, “The family were killed in a brutal gun attack taken by the kingdom during the past ministry does not have the right to ap- two decades throughout Africa for on Friday. A statement from the Konya prove the fi nancial and administrative prosecutor’s offi ce said initial evidence providing assistance to these countries reports of any cooperative society. This pointed to an ongoing fi ght between two to overcome great diffi culties. right is limited to shareholders through families who lived in the same area. The Moroccan monarch always general assemblies. The emergency But the family’s lawyer and the pro- seeks to provide solutions to many of committee of the Council of Ministers Kurdish opposition party say the mur- the problems facing the continent. His was addressed to allow the holding of ders were ethnically motivated. After an general assemblies and elections, but attack in May, one member of the fam- determination to curb extremism and the response is yet to come.” inform people about the proper way ily — who was among Friday’s victims Head of the Union of Consumer Co- — told media that they were being har- to practice Islam without violence is operative Societies Dr. Saad Al-Shabo assed and attacked for being Kurdish. evident. affi rmed that, “The union, in coordina- Lawyer Abdurrahman Karabulut One of the initiatives of the mon- tion with the Ministry of Social Affairs, said family members had been worried arch was to invite imams from various addressed the COVID-19 Emergency they will be attacked again. Offi cials Committee to allow the holding of gen- said they had not yet apprehended the African countries to attend rehabilita- eral assemblies in accordance with the tion courses. He also launched initia- gunman. (AP) required health requirements. The com- ❑ ❑ ❑ tives to support the regional political mittee promised us a positive response.” movement to prevent the expansion of Palestinian mother Maha Awad, 47, cries while taking the farewell look at the body of her son ❑ ❑ ❑ TUNIS: Tunisian authorities jailed an extremists in various parts of the con- Shaukat Awad, 20, during his funeral in the West Bank village of Beit Ummar, near Hebron, opposition lawmaker Friday and briefl y July 30, 2021. Israeli troops shot and killed the 20-year-old Palestinian man, Palestinian health KUWAIT CITY: The Cabinet gave the detained four members of the power- tinent. There are many such initiatives officials said, during clashes that erupted in the occupied West Bank following the funeral of a Kuwait Railways Project Follow-up and that are considered to be in the path of ful Islamist movement Ennahdha in the Palestinian boy killed by army fire the previous day. (AP) Implementation Committee a period of wake of the president’s decision to seize a thousand miles that this active king two weeks to submit its report on the exceptional powers, according to Tuni- started for the comprehensive devel- project, reports Al-Qabas daily. sian media reports. opment process of his country and the The report had to include three main The Ennahdha members were strengthening of its natural historical requirements on the project’s imple- brought before investigating magis- role. Clarify Mosafer, MP insists mentation path. The Cabinet’s require- trates and accused of trying to incite ments were to determine the best and violence outside the parliament building This blessed king realized, since least costly option to proceed with the the beginning of the so-called “Arab after President Kais Saied’s announce- By Saeed Mahmoud Saleh project, the identifi cation of the party ment Sunday, according to party offi cial Spring”, that protecting Tunisia - the Arab Times Staff and Agencies responsible for it, the estimated cost for Riadh Chaidi. soft fl ank - from the hegemony of the Bridge targeted the necessary consultancy study for the The four were questioned but later Muslim Brotherhood Group means KUWAIT CITY, July 31: Citizens who project, and the party that will undertake released for lack of proof of violence, protection for all the countries of traveled before Aug 1, 2021 can return the contract in this regard, in addition to Chaidi told The Associated Press. North Africa. to Kuwait without the need to obtain two defi ning an expected time schedule for The president suspended parliament, doses of the COVID-19 vaccine; but they the project. lifted the immunity of parliament mem- His right stance had a positive ef- During its meeting held on July 6, fect on the international community, ‘Drone hit did it’ are required to undergo home quarantine bers, fi red the prime minister and took until their negative PCR test result is out, 2021, the Public Services Committee control of the executive branch. He said especially when this terror group DUBAI, July 31, (AP): U.S. Navy explosive experts be- says MP Hamed Al-Matar quoting Health reviewed the letter sent by the General the move was necessary to save the opened Tunisia’s borders with Libya lieve a “drone strike” targeted an oil tanker that came un- Minister Dr Basel Al-Sabah. Secretariat of the Supreme Council for country amid public anger at the gov- to smuggle terrorist elements and der attack off the coast of Oman in the Arabian Sea, killing In addition, MP Abdulkareem Al-Kan- Planning and Development attached to ernment over joblessness, rising prices weapons into the wounded country, two on board, the American military said Saturday.