Tag Archives: newspapers

Kuwait ruling family member given suspended jail term: newspapers

DUBAI A Kuwaiti court has provided a suspended prison sentence to Sheikh Ahmad al-Fahad al-Sabah, a senior member of the ruling loved ones and a powerbroker in international sport, for quoting remarks by the country’s ruler with no permission, nearby media stated.

The Gulf Arab state’s constitution describes Emir Sheikh Sabah al-Ahmad al-Sabah as “immune and inviolable”, and quoting him without permission from his court is punishable below Kuwaiti law.

The Criminal Court gave Sheikh Ahmad, who is president of the Olympic Council of Asia and sits on the International Olympic Committee, a six-month suspended sentence and ordered him to spend 1,000 dinars ($ 3,300), the Arabic-language al-Qabas newspaper reported.

He had been accused of quoting the emir without having permission in an interview with a neighborhood television station in 2014, al-Qabas reported.

Even though al Qabas did not cite the comments produced by Sheikh Ahmed, he was at the time at the center of a controversy soon after filing a legal complaint concerning two former officials.

As portion of his complaint, Sheikh Ahmed submitted audio and video clips seemed to recommend that former prime minister Sheikh Nasser al-Mohammad al-Sabah and former parliament speaker Jassem al-Kharafi have been suspected of contacting a foreign energy, of money laundering and stealing public funds, state news agency KUNA mentioned at the time.

Kuwait’s public prosecutor dropped the inquiry in March, ruling the tape was bogus.

The English language Arab Instances stated the trial also saw Sheikh Ahmad accused of violating a ban by the public prosecutor on publicly discussing the case.

According to the Arab Occasions, the prosecutor’s ban prohibits Sheikh Ahmad from making use of phrases that “instigate chaos or cast doubt on the integrity of the Common Public Prosecutor”, as nicely as members of the judicial authority.

Sheikh Ahmad’s lawyer, Falah al-Hajraf, confirmed an initial ruling had been produced in the case on Thursday. He told Reuters on Saturday that he would choose how to proceed after he had seen specifics of the ruling.

Neighborhood media mentioned Sheikh Ahmad, who is outdoors the nation, plans to appeal the verdict.

(Reporting by Mahmoud Harby Writing by Sami Aboudi Editing by Dominic Evans and Raissa Kasolowsky)

Agen Sabung Ayam

New Argentina government aims to dismantle currency controls Dec 14 – newspapers

BUENOS AIRES Argentina’s incoming finance minister, Alfonso Prat-Gay, will aim to lift currency controls and unify the country’s multi-tiered exchange rate from Dec. 14, a few days after the new government assumes power, Prat-Gay told local media Sunday.

“If we can do it the 14th, we’ll do it the 14th, and if not, we’ll do it once we see the right conditions,” Prat-Gay was quoted saying in local dailies La Nacion, Perfil and Clarin.

President-elect Mauricio Macri picked Prat-Gay, a former JP Morgan executive and ex-central bank chief, to help him end more than a decade of free-spending populism that has hobbled growth and stoked inflation in Latin America’s third largest economy.

Prat-Gay said he would only be able to start dismantling years of restrictions on dollar purchases after a new central bank president assumes power.

“Lifting currency controls with current (central bank) authorities would be very hard,” Prat-Gay was quoted saying.

Macri plans to name former Buenos Aires city bank chief Federico Sturzenegger as the new head of the central bank after leftist president Cristina Fernandez’s term ends on Dec. 10.

Macri has called the current central bank president, Alejandro Vanoli, to step down to make way for currency devaluation to spur exports and halt the drain on central bank reserves used to prop up the peso. Vanoli has said he may resign in coming days.

Prat-Gay also said that he hopes to make an announcement soon on a new source of hard currency that will help the central bank restore its dwindling reserves.

(Reporting by Juliana Castilla; Writing by Mitra Taj; Editing by Mark Potter)