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SUBSCRIPTION WEDNESDAY, JUNE 1, 2016 SHAABAN 25, 1437 AH www.kuwaittimes.net Firemen control Ex-Miss Turkey Nearly 46 m Warriors beat Shuwaikh gets suspended trapped in Thunder to book carpentry sentence for modern title showdown workshop4 blaze insulting8 Erdogan slavery11 with20 Cavs New Gulf body to tighten Min 28º economic bonds in region Max 42º High Tide 08:10 & 20:37 GCC leaders laud Amir’s efforts on Yemen Low Tide 01:40 & 14:35 40 PAGES NO: 16891 150 FILS JEDDAH: Gulf Arab states grappling with lower oil revenues yesterday formed a new agency to tighten economic coop- eration in the region. The Economic and Development Affairs Authority “will boost coherence, integration and coordination between member states in all economic and development sectors”, the Gulf Cooperation Council said in a statement after a summit in Jeddah. The GCC was founded in 1981 to more deeply integrate the Gulf countries, but analysts say progress has been slow. The collapse of global oil prices has forced the Gulf monar- chies to make unprecedented fuel and energy subsidy cuts and plan to introduce indirect taxation. They have also scaled back spending on large projects. Oil prices have fallen from more than $100 a barrel in early 2014 to around half that lev- el. The newly formed body “will look into matters such as completing the customs union and the common market of the GCC states,” Saudi Foreign Minister Adel Al-Jubeir told a news conference after the summit. He said the authority “can solve these issues urgently and effectively” to promote coop- eration. Meanwhile, GCC leaders commended efforts exert- ed by HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al- Sabah aiming to render the success of the current peace talks among the Yemeni warring parties in Kuwait, said GCC Secretary General Abdullatif Al-Zayani. Zayani made the statement during the joint news conference with Jubeir. Jubeir said the Yemeni peace negotiations are currently held in accordance with the implementation of outcomes of national dialogue, the UN Security Council resolutions, the Gulf initiative, the ceasefire, handover of weapons and the restoration of legitimacy. He hoped that the talks would make further progress to restore peace, stability and security to Yemen. He pointed out that his country reached an understanding on stopping military operations on the southern borders to facilitate the delivery of humanitarian and medical aid to Yemen. Jubeir JEDDAH: (From left) Gulf Cooperation Council (GCC) Secretary General Abdullatif Al-Zayani, Qatar’s Emir Sheikh Tamim Al-Thani, Saudi Defense Minister and regretted, at the same time, that there are some breaches of Deputy Crown Prince Mohammed bin Salman, Omani Deputy Prime Minister Sayed Fahd Al-Said, HH the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the ceasefire. The kingdom has stressed the need to reach a Saudi King Salman bin Abdulaziz, Bahrain’s King Hamad Al-Khalifa, Vice-President and Prime Minister of the United Arab Emirates and ruler of Dubai Sheikh political solution to the crisis in Yemen, he said, pointing out Mohammed Al-Maktoum and Saudi Crown Prince and Interior Minister Mohammed bin Nayef pose for a family photo during a Gulf Cooperation Council (GCC) sum- that the countries tasked with Yemen are working to reach a mit in this Saudi Red Sea yesterday. — AFP peaceful solution as soon as possible. — Agencies Capital spending rises Zain, Huawei mark 10 years of ties to KD 2.7bn in budget SHENZHEN: Ten years have passed since partners as technology leaders in Kuwait decade, telecommunication companies the establishment of one of the most suc- and across the Middle East. While the over- required experienced technology partners cessful strategic partnerships between to follow suit along the same lines. Priority for govt jobs tweaked Middle East’s telecom innovator Zain See Pages 22 & 23 During this boom period, Zain found a By B Izzak departments to restructure their proce- Kuwait and Chinese technology giant true partner for a series of successful agree- dures of reviewing, awarding and imple- Huawei. all telecommunications technology ments and projects culminating in the suc- KUWAIT: Head of the National Assembly menting contracts in a bid to cut expen- This relatively short period of time was roadmap has undergone extreme changes cessful testing of the Middle East’s first 4.5G budgets committee MP Adnan ditures. MP Yousef Al-Zalzalah called for enough to witness the emergence of both and opened up new roads in the past mobile broadband network. Abdulsamad said yesterday that capital dismissing senior officials who failed to spending in the 2016/2017 budget will perform their duties with regards to the reach KD 2.7 billion, a rise of KD 560 mil- development plan. lion from the past year. He said the Meanwhile, head of the women’s arrangement of the new budget has affairs committee in the Assembly MP been changed, and accordingly, the dis- Saleh Ashour said yesterday that a law tribution of expenditures has also been will be issued soon giving priority for modified. Abdulsamad however said government jobs to children of Kuwaiti that the committee still contradicts the women married to expatriates immedi- government in its insistence that the ately after citizens. He said that this prior- projects in the development plan are ity is currently given to Arab residents in reflected in the budget. the country after Kuwaitis. He said the panel points out that The Assembly’s priorities committee some financial allocations for the devel- said yesterday that the forthcoming ses- opment plan projects are being exploit- sion of the Assembly will approve a set ed for other projects not listed in the of laws including those on the munici- development plan. The lawmaker said pality, pharmacy and a law to stiffen the committee also pointed out that the penalties against violations of the laws in government should determine that it the private sector. It will also discuss the has the capacity to implement the proj- tenders law and amendments to the SHENZHEN: Eaman Al-Roudhan, Zain Kuwait Chief Executive Officer, and Joy Tan, President of Corporate Communications at ects before listing them in the five-year internal charter of the Assembly, among Huawei, are seen with a delegation of Zain Kuwait executives, members of Kuwaiti media including Kuwait Times Editor-in-Chief development plan. The committee has a host of issues. Sessions during the holy Abd Al-Rahman Al-Alyan (standing, sixth left) and analysts during a special ceremony marking Zain’s 10 years of partnership asked ministries and government month of Ramadan will start from noon. with Huawei at its main headquarters. Expats trapped by debts Stowaway found aboard amid slowdown in Gulf flight from China to Dubai DOHA: The economic slowdown gripping countries buoyed and beaten by the global price of crude oil, as DUBAI: A teenage boy sneaked into the cargo hold of agency reported. Dubai police and the Chinese con- across the Arabian Gulf can be seen in layoffs, slowed well as the recent recession. In 2009, the financial melt- an Emirates passenger plane in China and made it all sulate in the Mideast commercial hub did not immedi- construction projects and government cutbacks. For down in Dubai saw dusty luxury cars parked and aban- the way to Dubai before being apprehended, the airline ately respond to requests for comment from AP. the millions of foreign workers drawn by brighter job doned at its international airport and across the city as and Chinese media said yesterday. The Dubai-based air- Xinhua reported that the consulate has sent staffers prospects, it can have a far-darker side if they find them- foreigners fled their debts. line, the Middle East’s biggest, said the stowaway was to the airport to learn more about the situation. A trans- selves deep in debt. Gulf countries largely don’t have This recent financial collapse began with oil prices found in the cargo hold of Flight EK303 from Shanghai lator appointed by prosecutors said the teen jumped bankruptcy laws, leaving laid-off workers on the hook falling from over $100 a barrel in the summer of 2014 to on Friday, May 27. “We are cooperating fully with author- over a fence at the Shanghai airport and climbed into for huge outstanding sums while often banned from bottom out this January to under $30, a 12-year low. In ities in Dubai and as this is a police matter we are unable the cargo hold while a security guard looked away, the traveling outside of the country. That leaves many the time since, oil has clawed back to $50 on supply dis- to comment further at this time,” the airline said in an agency said. Dubai is home to the world’s busiest air- unemployed begging friends and family for help while ruptions and lowered reserves, but the damage already emailed statement. port for international travel and is a major destination frantically selling off all their belongings. Others have had been done in the Mideast. Among those hard hit was It did not give any details on the identity or condition for job-seekers from around the world. Emirates oper- killed themselves out of desperation. Qatar, a small oil-and-gas-rich country on the Arabian of the stowaway, though China’s official Xinhua News ates numerous flights between its Dubai hub and “It was kind of scary for a while there,” said Robert Peninsula where construction accelerated with the Agency said he was a 16 -year-old boy it identified only China, including two round-trip flights daily to Foster, an American from Beaufort, South Carolina, who announcement it would host the 2022 FIFA World Cup.

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