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Kuwait Will Commit to Oil Freeze Only If Others Do So

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Kuwait Will Commit to Oil Freeze Only If Others Do So SUBSCRIPTION WEDNESDAY, MARCH 9, 2016 JAMADA ALAWWAL 30, 1437 AH www.kuwaittimes.net MP Ashour Sharapova files grilling fails drug test, motion against sponsors Subaih5 suspend19 ties Kuwait will commit to oil Min 17º Max 27º freeze only if others do so High Tide 12:37 Low Tide Govt to issue int’l, domestic bonds to cover deficit 06:27 & 18:29 40 PAGES NO: 16808 150 FILS KUWAIT: Kuwait will commit to a potential global oil pro- duction freeze if major oil producers, including Iran, also Tiger on the Yunus meets Amir, addresses KCCI agree to join the pact, acting oil minister Anas Al-Saleh said yesterday. OPEC leader Saudi Arabia and non-OPEC loose in Doha producer Russia, the world’s two largest oil exporters, said last month they would freeze output at January lev- els to prop up prices if other nations agreed to join the traffic jam first global oil pact in 15 years. “If there is an agreement, DOHA: A tiger was spotted wandering through a Kuwait will commit to the freeze,” Saleh told reporters. traffic jam on one of Doha’s busiest roads yesterday, Asked what would happen if not all the main produc- and government officials said they would investi- ers joined in the freeze deal, he said: “I’ll go full power if gate the incident after footage appeared online. there’s no agreement. Every barrel I produce I’ll sell.” Brent Pictures and video showing the tiger roaming crude futures were trading below $40 per barrel yester- among cars on the Doha Expressway flooded social day. The Saudi-Russian accord has so far failed to have a media in the tiny Gulf country. Footage including a dramatic impact on crude prices, partly because OPEC’s 20-second video on YouTube and Twitter showed third-largest producer Iran plans to raise production after the big cat running through lanes of heavy traffic, the lifting of international sanctions in January. apparently trying to find a way off the congested Russian Energy Minister Alexander Novak said on road. Footage also emerged showing the tiger ini- Friday that a meeting between OPEC and other leading tially falling onto the road from a moving truck. oil producers to discuss freezing oil output could take The interior ministry took to Twitter to say it was place between March 20 and April 1. Novak said the investigating the incident. “We assure all that the meeting could take place in Russia, Vienna or Doha. Saleh concerned authorities (are) following up with what said Kuwait has not received a formal invitation yet but has been trending over spotting a tiger in some “we will attend” if the meeting of oil producers proved to areas of the country,” it tweeted. Twitter users said be “tangible”. Kuwait is currently producing 3 million bar- the incident happened yesterday morning, rels of oil per day, Saleh said. The state has plans to raise although this could not be immediately verified. its oil production capacity to 4 million bpd by 2020. Other images showed a man in a traditional white KUWAIT: HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah meets Nobel laureate and founder of Saleh also said the government plans to issue both robe holding the big cat on a chain, suggesting it Grameen Bank Prof Dr Mohammad Yunus at Bayan Palace yesterday. Yunus, who in on a visit to the international and domestic bonds to help cover a budget had been recaptured safe and sound. country, said the meeting primarily focused on “poverty in the Muslim world and issues related to the deficit caused by low oil prices. Saleh told Reuters on the Continued on Page 13 youth”. Yunus later spoke at the Kuwait Chamber of Commerce and Industry (KCCI). —./ KUNA (See Page sidelines of a financial conference that the issues would Continued on Page 13 LOCAL WEDNESDAY, MARCH 9, 2016 KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah meets Nobel Laureate and founder of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah meets Al-Jahra Governor Fahad Al-Amir and a Grameen Bank Dr Mohammad Yunus.—Amiri Diwan and KUNA photos number of Al-Jahra residents. Nobel Laureate ‘very happy’ to have met Amir KUWAIT: Nobel Laureate and founder of Grameen Bank Dr Mohammad Yunus under- scored the productiveness of his meeting yesterday with His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. Yunus, who is on a visit to the country, said that the meeting primarily focused on “poverty in the Muslim world and issues related to the youth.” Elaborating on his motto of ‘three zeros,’ Yunus said that he has always been driven by efforts to “rid the world of poverty, unem- ployment and carbon emission.” “His Highness the Amir has informed me of numerous initiatives Kuwait has taken to eradicate unemployment and poverty,” Yunus noted. “We had great discussions and I am very happy to have had the chance to meet His Highness the Amir,” the Nobel Laureate said. A social entrepreneur, banker and econo- mist, Yunus is championed in his home country of Bangladesh for pioneering the concepts of microcredit and microfinance. His microfinance organization, Grameen Bank, makes small loans to the impover- His Highness the Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah meets Dr His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah meets Municipal Council ished as means of helping them cope with Mohammad Yunus. Chairman Muhalhal Al-Khalid. the rising cost of living. In 2006, Yunus was awarded the Nobel Peace Prize for his establishing different projects in Al-Jahra honor to meet His Highness the Amir to ited His Highness the Prime Minister as well. Khaled Al-Hamad Al-Sabah. Meanwhile, His finance work. In addition to meeting His Governorate including a hospital, a court thank him for the various projects that were Highness the Crown Prince received His Highness the Amir, Yunus also met with house, and a hall to celebrate special occa- completed in the governance. Municipal Council Highness Sheikh Nasser, Sheikh Sabah Al- National Assembly Speaker Marzouq Al- sions. He also praised the wise leadership of Meanwhile, Adwan Mohammad Al- Also yesterday, His Highness the Amir Khaled and Acting Chairman of the State Ghanem and His Highness the Prime His Highness, adding that the governorate’s Towalah praised His Highness the Amir’s vast received Kuwait’s Municipal Council Audit Bureau (SAB) Adel Al-Sarawi. Minister Sheikh Jaber Mubarak Al-Hamad Al- officials are set to present to His Highness knowledge of problems in Al-Jahra, includ- Chairman Muhalhal Al-Khalid, who con- Sabah. ideas on several development projects to be ing the needed vital projects that were done veyed to His Highness a report on the Graduation executed in the area. to help the governorate, thanking as well achievements of the Council for the 11th Separately, His Highness the Amir is set to Al-Jahra Governorate After the meeting, a number of Al-Jahra the various ministries that took part for their convening term from 21-10-2013 to 30-4- patronize and attend a broad graduation In other news, His Highness the Amir residents hailed the completion of several efforts. Dr Mohammad Al-Busairi said mean- 2015. His Highness the Amir also received ceremony of Kuwait University’s students for received retired Lieutenant General Fahad Al- projects in Al-Jahra, namely Sheikh Ahmad while he was honored to have met His His Highness the Crown Prince Sheikh Nawaf the 2014-2015 academic year, including Amir, Al-Jahra Governor, and a number of Al- Sabah Al-Ahmad Al-Sabah Hall for social Highness the Amir and thanked him for his Al-Ahmad Al-Jaber Al-Sabah, His Highness those with higher education degree. The Jahra residents at Bayan Palace. In a speech occasions and soon to be over Al-Jahra care and keenness to ensure projects like a Sheikh Nasser Al-Mohammad Al-Ahmad Al- ceremony will be held today at the Late at the reception, the Governor thanked His Hospital. In a press statement, Al-Oyon hospital, a court house, and a banquet hall Sabah, and First Deputy Prime Minister and Sheikh Abdullah Al-Jaber Al-Sabah Theater Highness, on behalf of the residents, for Mayor Malouh Al-Harbi expressed great were seen through. The delegation later vis- Minister of Foreign Affairs Sheikh Sabah Al- in Shuwaikh district. — KUNA Amir condoles with Tunisia President over deadly attacks KUWAIT: His Highness the Amir Sheikh Sabah denunciation of all forms of terrorism or Parliamentary Union and Speaker of (Kuwait) Al-Ahmad Al-Jaber Al-Sabah sent a cable of attacks on innocent lives, saying that such des- National Assembly Marzouq Ali Al-Ghanem condolences to Tunisian President Mohamed picable acts of violence aimed to destabilize has expressed strong condemnation of the Beji Caid Essebsi yesterday after multiple sisterly Tunisia. The State of Kuwait stands by armed terrorist attacks. The Parliament attacks on Tunisian army and police targets left Tunisia at these hard times and backs up the Speaker said in a cable to his Tunisian counter- scores of casualties in the city of Ben Guerdane, efforts of the international community to eradi- part, Mohammad Al-Nasser, “We assure you near the borders with Libya. cate terrorism and dry up the sources of financ- and the brotherly Tunisian people that we KUWAIT: Professor Muhammad Yunus speaks during a lecture at Kuwait Chamber of His Highness the Amir voiced sincere sym- ing for terrorism, His Highness the Amir wrote. stand fully on side of Tunisia, as leadership, Commerce and Industry yesterday.
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