23 Oct 2013

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CR IP TI ON BS SU

WEDNESDAY, OCTOBER 23, 2013

Riyadh to ‘shift away from US’ over Syria, Iran

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Apple unveils thinner, lighter ‘iPad Air’

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www.kuwaittimes.net

THULHIJA 18, 1434 AH

Nokia launches first tablet, phablets

Messi earns Barcelona a draw at AC Milan

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Adasani targets Al-Zour plant, threatens grilling MP to demand forming bedoons committee next term By B Izzak

Kuwait loses great son in Boodai By A Saleh KUWAIT: Businessman Mustafa Jassem Boodai, who died aged 77 on Friday, was laid to rest yesterday after a life full of contributions in many economic and commercial fields, be it as a member of the boards of local banks or his contributions in investment companies. Boodai contributed to the support of the national economy through his keenness on boosting the role of the private sector and his contributions to the expansion of projects in that sector and its varied activities. He occupied leading posts in several financial establishments, in addition to his vast experience in Kuwait’s market activities and its economic indicators. Among the most important posts he occupied were member of the NBK board of directors for more than 20 years (1965-1986), Kuwait European Investment Company in 1971, Investcorp Bank, Kuwait Insurance and other companies. Many economic personalities commended the virtues of Boodai, who was known for his patriotic stands. They expressed sadness for losing him and lauded his honorable actions. Economic expert and Chairman of

the Board of Kuwait Industries Holding Company Mohammad Al-Niqi said the late Boodai established several companies in various economic fields. He had an integral part in invigorating the country ’s economy through the projects his companies were Continued on Page 13

KUWAIT: Mustafa Jassem Boodai (inset), who died aged 77 on Friday, is laid to rest at the Sulaibikhat cemetery yesterday. — Photos by Yasser Al-Zayyat

KUWAIT: MP Riyadh Al-Adasani said yesterday that the awarding process of the multi-billion-dollar North Al-Zour power plant was based on wrong and illegal procedures and warned that the prime minister will be questioned in parliament if the project goes ahead. The lawmaker, who was par t of the opposition before breaking away and contesting the July parliamentary polls, said that the power plant is a key development project needed by the country but insisted that the process of awarding the project violated the law. The KD 730-million ($2.6 billion) project was awarded two years ago to a consortium of French, Japanese and Kuwaiti companies amid strong protests by the then parliamentary opposition led by Ahmad Al-Saadoun and Musallam Al-Barrak, who insisted that the process breached the law. Less than two years ago, former finance minister Mustafa Al-Shamali (currently oil minister) was grilled in the National Assembly over a variety of issues including the awarding of the Al-Zour power plant project. Adasani said that the law stipulated that the project must be awarded to a

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company that must be listed on the Kuwaiti bourse and although the law was amended in 2012 to remove this restriction, the new amendment does not have retroactive power which means it does not apply to previous contract awarding processes. The lawmaker warned that if the government ignores these facts and decides to go ahead with the project, the prime minister will be questioned in the Assembly. Adasani also cited another illegal procedure in the awarding process because the law required that the awarding process should be public and open while it was made through sealed envelopes, which was a clear violation of the law. The lawmaker also criticized the government over its vague promises over resolving the housing crisis, saying that the government has promised verbally to build 200,000 housing units and such promises must be submitted in a well-defined program along with the necessary budgets. He said that based on the housing law of 1993, the waiting period for Kuwaitis to get their homes should not exceed eight years, whereas the waiting period now exceeds 15 years and without providing the necessary infrastructure. Continued on Page 13


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