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Day of Lawsuits Over Corruption Scandals Continued from Page 1 Former Top Officials

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Day of Lawsuits Over Corruption Scandals Continued from Page 1 Former Top Officials SUBSCRIPTION TUESDAY, JUNE 17, 2014 SHAABAN 19, 1435 AH www.kuwaittimes.net Prices at Israel expands UK issues Spurs beat Mubarakiya hunt for missing dire warning Heat to Market teens, kills on washing win fifth remain3 stable Palestinian8 chicken28 NBA17 title Day of lawsuits over Max 44º Min 27º corruption scandals High Tide 02:38 & 13:12 Low Tide MPs demand debate on developments in Iraq 07:57 & 20:50 40 PAGES NO: 16199 150 FILS By Staff Reporter Dust storm KUWAIT: The premier yesterday submitted a letter to the attorney general asking him to investigate alleged finan- cial and political scandals that have rocked the country, closes ports as the government plans to sue the opposition over accusations regarding the highly sensitive issue. The KUWAIT: Operations at Kuwait’s three ports were Audit Bureau has also started a separate investigation, halted yesterday due to bad weather, the state while the recently-established Kuwait Anti-Corruption news agency KUNA said, and an oil source said the Authority said it will launch an investigation into corrup- OPEC member has suspended receiving ships at the country’s oil ports. “Maritime traffic in the three tion allegations that undermine the country’s order. ports Shuaiba, Shuwaikh and Doha were halted due The new developments came following last week’s to the current dust storm,” KUNA reported citing the public rally during which leading opposition figures ports authority. Kuwait produces around 3 million claimed that former senior officials stole around $50 bil- barrels of crude per day. lion from public funds and deposited them in foreign Director of Sea Operations at Shuwaikh Port Capt banks, including one in Israel. Marzouq Al-Qahtani told KUNA operations were Sheikh Ahmad Al-Fahd Al-Sabah, who was the first to stopped for safety reasons after wind speed uncover the alleged conspiracy videotapes, yesterday reached 36-40 nautical knots and horizontal visibili- filed through his lawyer Falah Al-Hajraf a lawsuit to the ty dropped lower than 1.5 nautical miles. According attorney general against two high-ranking former offi- to rules of the International Maritime Organization cials. Sheikh Ahmad made more sensitive accusations (IMO), navigation must be halted when visibility during a television interview late Saturday, prompting drops lower than three nautical miles. A ship Prime Minister HH Sheikh Jaber Al-Mubarak Al-Sabah to ordered to stay off the harbor will be allowed in submit a letter yesterday morning asking the attorney once the weather conditions improve, while three general to investigate the claims made in the interview. ships sailed out. State Minister for Cabinet Affairs and acting justice Capt Faraj Al-Saeed, in charge of maritime opera- minister Sheikh Mohammad Al-Abdullah Al-Sabah said tions at Shuaiba port, told KUNA wind speed at the the letter was backed with all the documents available harbor exceeded 40 nautical knots and visibility with the government including those received by the dropped lower than one nautical mile. — Agencies KUWAIT: Falah Al-Hajraf, lawyer of Sheikh Ahmad Al-Fahd Al-Sabah, answers journalists’ questions as he prime minister from the “political leadership”. leaves the courthouse after filing a lawsuit yesterday. — Photo by Yasser Al-Zayyat Continued on Page 15 Saudis, Qatar blame ‘sectarian’ Maliki US open to working with Iran over Iraq RIYADH: Saudi Arabia and Qatar have northern and north-central Iraq, although blamed “sectarian” policies by Iraq’s Shiite- their advance has since been slowed. Gulf billions insulate led government against the Sunni Arab Saudi Arabia, which shares long borders minority for the unrest that has swept the with Iraq, urged the swift formation of a country. Sunni-dominated Saudi Arabia, national consensus government to work to economies, markets whose relations with the government of “reinstate security and stability”. The unrest DUBAI: For years, the rich oil states of the the politics around it,” said Jason Tuvey, Prime Minister Nouri Al-Maliki have been “could not have taken place if it was not for Gulf have struggled to insulate them- Middle East economist at Capital strained, also warned against foreign inter- the sectarian and exclusionary policies selves from political turbulence in the rest Economics, a London-based consultancy. vention in Iraq. In March, Maliki accused implemented in Iraq over the past years of their volatile region. Markets’ reaction He added that apart from Saudi Arabia’s both Saudi Arabia and Qatar of supporting that threatened its stability and sovereign- to the insurgency in Iraq suggest they Eastern Province, which has seen some terrorism in Iraq. Militants, spearheaded by ty,” the government said in a statement. It may finally have succeeded. Saudi Arabia low-level unrest among its Shi’ite minori- the jihadist Islamic State of Iraq and the underlined the need for the “participation and Kuwait face the potential disintegra- ty, it was difficult to see how events in Levant (ISIL) and joined by supporters of of all components of the Iraqi people in tion of a country on their borders. At the Iraq could have any direct impact on Gulf executed dictator Saddam Hussein, have in determining the future” of the country. very least, the turmoil in Iraq looks set to states. If there is any impact, govern- the past week overrun a large chunk of Continued on Page 15 widen the Sunni-Shiite divide which has ments have the monetary and security poisoned politics across the region. resources to deal with it, he added. But in contrast to past episodes of The region has been buffeted by a instability in the Middle East, the Gulf’s string of geopolitical shocks since early financial markets are mostly reacting 2011, when revolutions in Egypt and oth- calmly. Foreign investors have continued er Arab states briefly raised the possibili- to plough hundreds of millions of dollars ty of similar unrest within the Gulf. Five- into Gulf bonds. There have been no year Saudi Arabian credit default swaps - signs of pressure on Gulf currencies’ pegs which insure against the risk of a Saudi to the US dollar. Stock markets have sovereign debt default, and are therefore dropped, but traders largely see that as a an indicator of foreign investors’ jitters natural adjustment after big gains earlier about the Gulf - shot up to a peak of 140 this year, not a panicked response to basis points in Feb 2011. They rocketed geopolitical risk. back to that level in early 2012, as inter- The calm reflects the Gulf’s progress national tensions over Iran’s nuclear pro- in building up its financial resources on gram rose. A smaller spike occurred in the back of high oil prices as a defence Aug 2013, as the United States threat- against regional instability, as well as its ened to bomb Damascus over the use of success in containing domestic political chemical weapons. fallout from the Arab Spring uprisings This month, however, CDS have over the past three years, economists stayed low, sliding to 37 bps last week, and fund managers said. “I think people the lowest level since early 2013. now see the Gulf as well insulated from Continued on Page 15 MOSUL: Demonstrators chant Islamic State of Iraq and the Levant (ISIL) slogans in front of the provincial government headquarters yesterday. — AP in the news Al-Jazeera journalist China executes 13 on hunger strike freed UAE to work with US for Xinjiang attacks CAIRO: Egypt’s prosecutor general yesterday ordered to cut ‘terror’ funding BEIJING: China executed 13 people yesterday for “terror- the release of Al-Jazeera journalist Abdullah Elshamy, ABU DHABI: The UAE and the United States agreed yes- ist attacks” in the violence-wracked northwestern region who has been on hunger strike for nearly five months, terday to cooperate to prevent “terrorist” groups from of Xinjiang, state media said, as death sentences were state media reported. Al-Jazeera swiftly issued a state- using the Gulf state’s finance sector, according to a state- issued over a suicide car crash at Beijing’s Tiananmen ment calling for the release of three other staff on trial in ment from the US Treasury. Treasury Secretary Jacob Square. The announcement by the official Xinhua news a separate case. The court in that trial said it would issue Lew and Abu Dhabi’s Crown Prince Sheikh Mohammed agency said the 13 were involved in seven different cases its verdict on June 23 against the three journalists bin Zayed Al-Nahayan agreed to cooperate more closely connected to Xinjiang, where Beijing says separatist mili- accused of aiding the blacklisted Muslim Brotherhood of “to disrupt terrorist support networks” in talks in Abu tants are behind a string of attacks that have rocked ousted president Mohamed Morsi. Elshamy, who works Dhabi. They “stressed the importance of ensuring the China in recent months. Xinhua provided names of four for the main Arabic-language channel of the Qatar- United Arab Emirates’ financial system is closed off to of the executed without identifying them by their ethnic- based network, was arrested on Aug 14 last year when the broad range of terrorist and criminal groups,” the ity, though some of the names appeared to be Uighur, a (Top) Argentina’s Lionel Messi celebrates after scoring police dispersed protest camps in Cairo set up by sup- statement said. The meeting comes as nine men stand Turkic-speaking mainly Muslim group with cultural and trial in Abu Dhabi for allegedly forming “Al-Qaeda cell” his team’s second goal during the Group F World Cup porters of Morsi. “Prosecutor General Hesham Barakat linguistic links to Central Asia. The report identified two accused of supporting Al-Nusra Front, the jihadist net- match between Argentina and Bosnia Hercegovina at ordered the release of 13 defendants..
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