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KT 10-8-2016 .Qxp Layout 1 SUBSCRIPTION WEDNESDAY, AUGUST 10, 2016 THULQADAL 7, 1437 AH www.kuwaittimes.net Performance by India’s ‘Iron Pogba completes Doping war as Italian musicians Lady’ ends world record US swimmer launches Summer hunger strike to return to beats tainted Cultural Festival enter politics Man United Russian to gold 4Govt mulls7 compensating17 20 Min 32º Max 48º citizens after petrol hike High Tide 04:18 & 16:40 Low Tide Cabinet sticks to decision, but vows no ‘harm’ to Kuwaitis 10:50 & 22:43 40 PAGES NO: 16958 150 FILS Budget deficit By B Izzak KUWAIT: The government yesterday agreed to consid- er demands by MPs to compensate Kuwaiti citizens after 16 years after a hike in petrol prices due to take effect next month. This came during a meeting attended by HH of surpluses the Prime Minister Sheikh Jaber Al-Mubarak Al-Sabah, four ministers and about 17 MPs to discuss ways to KUWAIT: Lower oil prices have pushed Kuwait into a compensate citizens for the petrol hike. National rare budget deficit, ending 16 straight years of sur- Assembly Speaker Marzouq Al-Ghanem said the meet- pluses for the state, the finance minister said. The ing was positive and MPs insisted that the best solu- OPEC member recorded a budget shortfall of KD 4.6 tion to the problem is for the government to imple- billion ($15.3 billion) in the fiscal year which ended ment the study of the Assembly’s financial and eco- on March 31, Anas Al-Saleh said in a statement car- nomic affairs committee, which calls for compensating ried by the KUNA news agency late Monday. It was citizens financially for the hike. the first shortfall since the fiscal year to March 1999. Ghanem said that the Assembly is insisting to Revenues dropped by 45 percent to $45.2 billion implement the financial committee’s study, which while spending was cut by 14.8 percent to $60.5 bil- agrees to liberalize petrol prices but compensating citi- lion, the minister said. Oil income was $40.1 billion, zens. He said the government and the Assembly agree a slump of 46.3 percent from the previous year, he on the main goals of the price hike but differ on the said. Oil accounted for 89 percent of total revenues, mechanisms, adding that the Assembly is prepared to down from 95 percent in previous years. face the economic situation but not at the cost of citi- Saleh told parliament last month that Kuwait zens. The speaker said that no time limit was given for plans to tap international debt markets through the government to respond to the Assembly’s propos- bond issues to finance the deficit. He said the state als, but added that the Assembly will study the matter would borrow up to $10 billion in US-denominated in the next term starting early October. bonds from international markets, in both conven- State Minister for Cabinet Affairs Sheikh tional and (Islamic) sukuk issuance. The ministry will Mohammad Al-Abdullah Al-Sabah said the govern- borrow another $6.6 billion in both conventional ment team explained to MPs the reasons for the deci- and Islamic instruments from the domestic market, sion and the expected results, but insisted it will not Saleh said. KUWAIT: HH the Prime Minister Sheikh Jaber Al-Mubarak Al-Sabah (left) and National Assembly Speaker allow any harm on citizens. Continued on Page 13 Marzouq Al-Ghanem are seen during a meeting yesterday. — Photo by Yasser Al-Zayyat Continued on Page 13 Kuwait, France seal chopper sale 30 military helicopters to be supplied in €1bn deal PARIS: France will supply 30 military helicop- ens the strategic partnership which has ters to Kuwait in a deal worth over one billion bound together our two countries for several News euros ($1.1 billion) that French Defence decades, while we are currently engaged in brief Minister Jean-Yves Le Drian signed yesterday. side-by-side in the fight against Daesh in Iraq The agreement to buy the versatile Airbus and Syria,” Le Drian said in a statement, using Caracal helicopters is part of a €2.5 billion the Arabic term for Islamic State. Kuwait’s Leak but no fire at package of deals that the two countries army will use 24 of the helicopters mainly for Ahmadi oilfield agreed in Oct 2015. France has given Kuwait search and rescue missions and for transport KUWAIT: Kuwait Oil Company yesterday reported an oil military support since the 1990 invasion of purposes, but they are also fitted with leak during drilling at its Ahmadi oilfield, but a the country by Saddam Hussein’s Iraqi forces. machine guns allowing them to offer ground spokesman said there was no fire. Spokesman Emad The two countries are also fighting together troops cover from the air. The Kuwait in the international coalition against the National Guard will operate the remaining Sultan said specialized teams were dealing with the spill. Islamic State jihadist group. six helicopters. Airbus confirmed the order in “There was no fire as a result of the leak and we are still “With this deal, Kuwait further strength- a statement. — Agencies trying to bring it (the leak) under control,” Sultan said. Kuwait is a major member of the Organization of Petroleum Exporting Countries (OPEC), pumping around 3 million barrels per day. Kuwait Oil Company said the leak at Ahmadi oilfield had no impact on output. The company said the spill struck at its BWD-133 drilling rig. RIO DE JANEIRO: Independent Olympian, Kuwait’s Abdulaziz Alshatti, competes against Hungary’s Andras Redli during their men’s individual epee qualifying bout as part of the fencing event of the Rio 2016 Olympic Games yesterday at the US approves $1.15bn Carioca Arena 3. — AFP military sales to Saudis WASHINGTON: The US State Department has approved the potential sale of more than 130 Flamboyant Kuwaiti fencer Abrams battle tanks, 20 armored recovery vehicles and other equipment, worth about $1.15 billion, to knocked out in early loss Saudi Arabia, the Pentagon said yesterday. The US Defense Security Cooperation Agency, which over- RIO DE JANEIRO: Kuwait’s Abdulaziz in which only the winner advanced. sees foreign arms sales, said that General Dynamics Alshatti, the lone independent fencer in Alshatti took first in a stunning result. will be the principal contractor for the sale, adding the Rio Olympics, was knocked out yester- But he couldn’t match that perform- it would contribute to US national security by day after an early loss. Kuwait’s Olympic ance in Brazil. Alshatti had the backing of improving the security of a regional partner. “This Committee was suspended by the IOC in a small crowd that appeared to sympa- sale will increase the Royal Saudi Land Force’s 2015 for “undue government interfer- thize with his plight. But Hungary’s (RSLF) interoperability with US forces and conveys KUWAIT: Kuwait’s Deputy Prime Minister and Defense Minister Sheikh Khaled Al- ence”. Because of that the ban, Alshatti’s Andras Redli survived a furious late rally US commitment to Saudi Arabia’s security and Jarrah Al-Sabah shakes hands with French Defense Minister Jean-Yves Le Drian only chance to earn a trip to Rio was a from the hard-charging and flamboyant armed forces modernization,” the agency said. after signing an agreement for France to supply 30 military helicopters to Kuwait last-chance Asian qualifying event in April Kuwaiti, winning 14-13 in epee. — AP in a deal worth over one billion euros. — AFP Putin, Erdogan pledge reset after rift SAINT PETERSBURG: Russian President Erdogan said that he hoped Russian- could draw even closer to Moscow - with Vladimir Putin and Turkish counterpart Recep Turkish relations would become “more Erdogan bluntly making it clear he feels let Tayyip Erdogan yesterday promised to reinvigo- robust” and stressed how important it was down by the United States and the European rate ties after their first meeting since Ankara that Putin offered his support after the coup. Union. Putin was one of the first foreign leaders shot down a Russian warplane last November. “We will bring our relations back to the old to phone Erdogan offering support after the Erdogan’s visit to Putin’s hometown of Saint level and even beyond, both sides are deter- coup attempt and shares none of the scruples Petersburg is also his first foreign trip since the mined and have the necessary will,” he said. of EU leaders about the ensuing crackdown. failed coup against him last month that sparked The shooting down of a Russian fighter jet by Relations between Turkey and Russia - two a purge of opponents and cast a shadow over a Turkish F-16 over the Syrian border last fall powers vying for influence in the strategic Black Turkey’s relations with the West. saw a furious Putin slap economic sanctions Sea region and Middle East - have historically “We lived through a very complicated on Turkey and launch a blistering war of not been straightforward. Yet before the plane moment in the relations between our states words with Erdogan that seemed to irrevoca- downing crisis, Moscow and Ankara managed and we very much want, and I feel our Turkish bly damage burgeoning ties. to prevent disputes on Syria and Ukraine harm- friends want, to overcome the difficulties,” But in a shock reversal late June, Putin ing strategic cooperation on issues like the Putin told journalists at a joint press conference accepted a letter expressing regret over the TurkStream gas pipeline to Europe and a after the encounter. The Kremlin leader insisted incident from Erdogan as an apology and Russian-built nuclear power station in Turkey.
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