14 Jan

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CR IP TI ON BS SU

MONDAY, JANUARY 14, 2013

Israel forces Palestinians from site of settlement

France extends Mali airstrikes to Islamist strongholds

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NO: 15688

150 FILS

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www.kuwaittimes.net

RABI ALAWAL 2, 1434 AH

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Cleric leads thousands in Pakistan protest march

United down defiant Liverpool, City sink 10-man Arsenal

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Amir meets speaker as panel discusses debts Court delays election challenge • Oppn stages rally

Max 14º Min 03º High Tide 00:35 & 14:20 Low Tide 07:59 & 19:55

By B Izzak

KUWAIT: Former MP Musallam Al-Barrak, flanked by former MPs Mubarak Al-Walaan and Khaled Al-Tahous, leads opposition supporters late yesterday in a demonstration in Sabah Al-Nasser to demand the dissolution of the National Assembly elected last month in general polls boycotted by almost all political groups. — Photo by Yasser Al-Zayyat

Surplus hits $52bn amid low spending KIA assets more than $261bn KUWAIT: Kuwait’s budget surplus stood at KD 14.7 billion ($52 billion) in the first eight months of its fiscal year thanks to strong oil revenues, data from the finance ministry showed. The AprilNovember surplus accounts for around 33.1 percent of the OPEC member’s 2011

gross domestic product, according to a Reuters calculation based on the latest official data. A Reuters poll in September forecast Kuwait would record a budget surplus of 23.8 percent of GDP in fiscal year 2012/13, which began in April. Continued on Page 2

KUWAIT: HH the Amir yesterday received Speaker of the National Assembly Ali Al-Rashed and head of various parliamentary committees and discussed with them the top issues on the panels’ priority lists. The Governor of the Central Bank Mohammad Al-Hashel meanwhile told the financial and economic affairs committee that the cost of writing off interest on the bank loans of Kuwaiti citizens will be around KD 1.7 billion, insisting that the bank does not support the issue. Also, the constitutional court decided at the end of its first session for studying challenges against the election and the single-vote decree to postpone the next hearing for Feb 3. Rashed said the Amir expressed concern for solving problems facing Kuwaitis as he reviewed with heads of committees the most important issues on their agendas which will be later submitted to the Assembly’s office for approval and debate. The speaker said the Amir promised to convey the issues to the government with a recommendation that it should take care of them so in order to create an atmosphere of cooperation between the Assembly and the government. Regarding the issue of waiving interest on debts, Rashed said the Amir expressed hope that the Assembly and the government cooperate on finding a mechanism to resolve popular issues that are connected to public funds and the mechanism should be fair and safeguard funds. Meanwhile, rapporteur of the financial and economic affairs committee MP Safa Al-Hashem said the Central Bank governor informed the committee that there are 341,000 Kuwaiti debtors who have taken loans from banks and other companies against 412,400 citizens who have taken no loans. She said the governor believes that forgiving interest on the loans is unfair and unjust to many Kuwaitis, especially that the process will cost state coffers around KD 1.7 billion. She said the committee will hold another meeting on Wednesday with Deputy PM and Finance Minister Mustafa Al-Shamali to discuss the issue. A number of MPs attended the meeting, the first to discuss several proposals calling to drop the interest on bank loans and then reschedule the repayment of the principal of the debt over many years in easy installments. Continued on Page 2

Egypt opens old wound with Mubarak’s retrial CAIRO: Egypt ordered a retrial of deposed president Hosni Mubarak yesterday after accepting an appeal against his life sentence, opening up an old wound in the painful transition from decades of authoritarian rule. Mubarak, 84, was ousted in 2011 after 30 years in power and jailed for life last year over the killing of protesters by security forces trying to quell a mass street revolt. He was the first Arab ruler to be brought to court by his own people. A Cairo court granted Mubarak and his former interior minister the appeal as Egypt prepares to mark the second anniversary of the uprising on Jan. 25. The retrial is likely to stir emotions and could plunge the government of new President Mohamed Morsi into dangerous waters as he tries to restore law and order and a wrecked economy. Egypt remains volatile as it prepares for a parliamentary election in the next few months. Anxiety over the economy is on the boil after protests, often violent, in late 2012 prompted citizens to snap up hard currency and take out savings. During Mubarak’s 10-month trial, many protesters accused the then ruling generals and officials seen as loyal to the ousted president of protecting him. A retrial may revive calls for a deeper purge of those viewed as holdovers from the old era. Continued on Page 13

CAIRO: Egyptian supporters of former president Hosni Mubarak celebrate yesterday after the court of cassation, the top appeals court, accepted an appeal for a retrial of the ousted president. (Inset) Mubarak’s Kuwaiti lawyer Faisal AlOtaibi leaves the court. — AFP

Renewable energy atlas launched

LAS VEGAS: Miss New York Mallory Hagan is crowned Miss America 2013 by Miss America 2012 Laura Kaeppeler late Saturday. — AP (See Page 40)

ABU DHABI: The International Renewable Energy Agency (IRENA) yesterday launched the world’s first atlas on clean energy which will offer open-access information on countries’ renewable energy potential. “The Global Atlas is the largest ever initiative to help countries assess their renewable energy potential, and companies bringing together data and maps from leading technical insti-

tutes and private companies worldwide,” IRENA said. “It currently charts solar and wind resources, and will expand to other forms of renewable energy over 2013 and 2014,” the agency announced as it began its two-day annual general assembly in Abu Dhabi. ABU DHABI: Members of the Israeli delegation IRENA said the atlas will also help comattend the General Assembly of the International panies looking to invest in new markets. Renewable Energy Agency (IRENA) in the Emirati Continued on Page 13 capital yesterday. — AFP


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14 Jan by Kuwait Times - Issuu