Thursday 5 March 2009

Political impasse in Kuwait can delay approval of reforms

Kuwait's ruler could move to dissolve parliament in the leading oil exporter in the coming days to avoid deputies questioning the prime minister, parliamentary sources said yesterday.

The political paralysis could delay approval of key legislation and economic reforms that investors hope will help Kuwait through the financial crisis. The bourse closed higher for a second day on speculation about the dispute.

Parliament is due to discuss a 1.5 billion dinars (Dh18.6bn) economic rescue package on March 17, the day the body hopes to question the prime minister, Sheikh Nasser Al Mohammad Al Sabah.

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