SUBSCRIPTION MONDAY, NOVEMBER 30, 2015 SAFAR 18, 1437 AH www.kuwaittimes.net Essa clarifies Turkey to Rosberg wins Sharpshooter ‘preferring get cash, season-closing Khalil bags private schools’ closer ties Abu Dhabi Asian player statement3 with EU7 Grand16 Prix of17 the year Under-fire Omair moved Min 12º Max 27º to public works ministry High Tide 01:22 & 15:44 Low Tide Saleh named acting oil minister • Nod to Arab anti-terror pact 09:05 & 20:59 40 PAGES NO: 16713 150 FILS By B Izzak CMA to issue Amir receives GCC chief KUWAIT: The government finally carried out a long- awaited Cabinet reshuffle, moving Ali Al-Omair out of sukuk, bonds the oil ministry to the public works ministry after accepting the resignation of Ahmad Al-Jassar as minis- ter of electricity and water and public works two for first time months after submission. Finance Minister Anas Al- KUWAIT: Executive Director of the Capital Market Saleh was appointed acting oil minister while State Authority (CMA) Nayef Al-Hajraf revealed yesterday plans Minister for Cabinet Affairs Sheikh Mohammad Al- by the new CMA executive committee to issue Islamic Abdullah Al-Sabah was given the electricity and water bonds known as sukuk for the private sector. In an inter- portfolio on a temporary view with pan-Arab television news channel Al-Arabiya, basis. Hajraf said that work is underway on forming a specialized MP Abdulhameed Dashti market to issue sukuk, the latest move in CMA’s efforts to said the limited Cabinet foster Islamic finance in the country. rearrangement is temporary Moreover, Hajraf lauded the new CMA executive com- and a prelude to a wider mittee, labeling it superior to its predecessors in address- reshuffle after three months. ing shortcomings that plagued the old system. He also He gave no further details noted that the new committee is better equipped at over his predictions. With the adapting to the latest breakthroughs in finance as well as new moves, two problems being more farsighted in developing the financial market. have been solved, though Hajraf also disclosed that the new committee is exert- temporarily. Tomorrow’s Ali Al-Omair ing efforts to encourage foreign investment. Hajraf also scheduled questioning of spoke of the CMA’s better capabilities of liquidizing shares, Jassar over allegations of financial and administrative vio- which would in turn bolster investment. Hajraf also lations in awarding the KD. 1.32 billion contract for the air- revealed that the entire financial system is being port expansion project will not take place because the revamped with the new changes to go into effect before minister has quit. the end of the year. The new public works minister is not obliged by law Established according to law no. 7/2010 and subse- to appear for the grilling. The grilling request was filed quently passed by the parliament in 2010, the CMA works by MP Saadoun Hammad, who claimed that around KD on developing the activities of capital markets in Kuwait. KUWAIT: HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah receives Gulf Cooperation Council 600 million in public funds have been squandered. The The CMA has bolstered efforts of incorporating principles (GCC) Secretary General Dr Abdullatif bin Rashed Al-Zayani at Bayan Palace yesterday. Zayani briefed second problem to be resolved is the dispute in the oil of Islamic finance, a system in which capital is raised in the Amir about the most prominent issues on the agenda of the 36th session of the GCC Supreme sector between Omair and top executives of state- accordance to sharia, or Islamic law. — KUNA Council to be held in Saudi Arabia next week. — KUNA owned Kuwait Petroleum Corp (KPC) and its subsidiaries. Continued on Page 13 PM backs France in fight against terror PARIS: Representative of HH the Amir UN conference on climate change. Sheikh Sabah Al-Ahmad Al-Jaber Al- The prime minister called for collabo- Gulf unwilling Sabah, HH the Prime Minister Sheikh ration of world countries to confront ter- Jaber Mubarak Al-Hamad Al-Sabah, yes- rorism, which was rejected by all faiths. to tighten oil terday reaffirmed support to France in He expressed condolences to France and the fight against terrorism. “Kuwait sup- the French people following the Nov 13 taps all alone ports the efforts of France and the inter- attacks in Paris that killed 130 people national community in fighting terrorism and injured over 350 others. Sheikh Jaber KUWAIT: Saudi-led Gulf OPEC members will reject which has become a threat to the stabili- praised France’s “courageous” decision to pressure to shoulder the cost of cutting oil produc- ty and security of many world countries,” host the climate summit despite the “ter- tion alone despite warnings that prices risk sliding Sheikh Jaber said in a statement shortly rorist crimes in the French capital”. further, officials and analysts say. Saudi Arabia, after arriving in Paris to participate in the Continued on Page 13 Kuwait, the United Arab Emirates and Qatar, which pump more than half of OPEC’s 32 million barrels of daily output, want a solid commitment from all other producers, especially non-OPEC member Russia, to agree to production cuts across the board. “Gulf states will not undertake a unilateral output cut. They need strong cooperation from RIYADH: Aljazi Al-Hossaini, a candidate for the municipal council in the town of other producers, mainly Russia, to cut,” Kuwaiti oil Diriyah shows an electoral campaign license issued by the central municipal analyst Kamel Al-Harami told AFP. elections committee yesterday. — AFP The Organization of the Petroleum Exporting Countries is to hold a crucial meeting on December 4 to study prices, which have fallen around 60 per- Saudi women launch cent since mid-2014. An informal meeting to be attended by some non-OPEC producers will be held the day before. “Gulf producers are not maiden election bid inclined to change their policy of defending market share rather than price despite heavy income loss- es,” Saudi economist Abdulwahab Abu-Dahesh 3 activists barred said. “They realize they will be asked to bear the bulk RIYADH: Hundreds of Saudi women National Democratic Institute, a of any cuts,” as none of the other OPEC members began campaigning for public office yes- Washington non-profit organisation. are financially in a position to do so and non-OPEC terday, in a first for women in the conser- Ruled by King Salman, oil-rich Saudi Russia has so far said it will not, Abu-Dahesh told vative Muslim kingdom’s slow reform Arabia has no elected legislature and has AFP. A senior Gulf oil official said nothing has PARIS: HH the Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah is process, even as three activists were dis- faced intense Western scrutiny over its changed to alter Gulf states’ oil policy. received by Kuwait’s Ambassador to France Sami Al-Sulaiman on his arrival in qualified. More than 900 women are rights record. The country’s first municipal Continued on Page 13 the French capital yesterday. — KUNA (See Page 2) standing alongside thousands of men in elections were held in 2005, followed by the Dec 12 municipal ballot, which will another vote in 2011. In both cases only also mark the first time women are men were allowed to participate. From allowed to vote. restaurants to banks, offices - and election Rallies pressure UN climate summit “I’ve been eliminated as a candidate for facilities - the sexes are strictly segregated the municipal elections,” Loujain Hathloul in the kingdom. “We will vote for the said in a tweet. Saudi authorities detained women even though we don’t know any- Hathloul for more than two months after thing about them,” Um Fawaz, a teacher in Clashes erupt at Paris demo she tried to drive into the kingdom last her 20s, said in Hafr al-Batin city. “It’s PARIS: Tens of thousands of people from Secretary-General Ban Ki-moon. One bears or penguins at risk from melting ice, or December from the United Arab Emirates, enough that they are women,” she said. Sydney to London joined one of the biggest activist, dressed in white as an angel with chanted slogans such as “climate justice”. in defiance of a Saudi ban on female The absolute monarchy, which applies days of climate change activism yesterday, large wings, held a sign saying “coal kills”. In Sydney, about 45,000 people are esti- motorists. She had said she wanted to run a strict interpretation of Islam, has faced telling world leaders gathering for a summit About 10,000 people also joined arms to mated to have marched through the central “to increase the percentage of women’s widespread criticism for a lack of equal in Paris there is “No Planet B” in the fight form a human chain through Paris along the business district towards the Opera House. participation”. rights. Saudi Arabia is the only country in against global warming. In the French capi- 3-km route of the banned march, organizers Protesters held placards reading: “There is Another driving activist, Tamadour Al- the world where women are not allowed tal, where demonstrations were banned by said. “This is a moment for the whole world no Planet B” and “Say no to burning national Yami, told AFP her name was also to drive. They must also cover themselves the authorities after attacks by Islamic State to join hands,” said Iain Keith, campaign forests for electricity”. US President Barack dropped from the final list of authorized in black from head-to-toe in public and militants killed 130 people on Nov 13, director for Avaaz, one of the organisers.