Home Page - Gulf in the Media
HomePoliticsEconomy                               Set Gulfinthemedia.com as home page
Politics
 Print  Send This Page
Save Listen to this Article
No one knew about penalty   

Kuwait Times - 31 May, 2012
Author: Thaar Al-Rashidi

To put the blame on the Popular Bloc, even partially, in the case of compensation for the cancellation of the Dow contract is not precise talking, even it matches the facts of the deal cancellation.

To begin with, the two Popular Bloc MPs, Ahmad Al-Saadoun and Musallam Al-Barrak along with MP Saleh Al-Mulla who joined them demanding the cancellation of the deal, are only Parliament members without the right to execute or cancel the deal.

Yes, they might threaten to grill some minister or something similar, in case the deal is passed. But for sure they have no power to execute, as that is Government business only. The Government has made the deal and agreed on it and cancelled it. The previous Government is fully responsible, not the MPs who demanded the cancellation of the deal or the Government who responded to their demands.

These are the details of the political responsibility in general. MPs are not responsible in any way. They did not negotiate, they did not sign and they did not put the penalty condition, which no one knew about it. Even the Government, the Prime Minister and the Oil Minister: none of them knew about the imaginary penalty condition which was added by the Kuwaiti negotiator in the interest of “Dow” Company. It was kept secret from everyone. It was discovered four days after the Government cancelled the contract. No one knew about the penalty condition neither the MPs nor the Government nor the Supreme Council for Petroleum knew about it.

It was discovered in the meeting held by the Supreme Council for Petroleum (SCP)that only three persons knew about the penalty clause. The SCP was not informed about this condition. After it was disclosed, the Government was at a loss as to how to explain it, and how to find a way out of the mess and declared through the Oil Minister that the penalty condition was a “ceiling” for court purposes.

This means if Dow sued the Kuwait Government it could not ask for more than $ 2.5 billion. This is what happened in the court decision in favor of Dow which fined Kuwait $ 2.1 billion, about $ 400 million less than the “ceiling” to which the Oil Minister pointed then.

What is very clear is that the MPs who caused the cancellation of the deal are not responsible. The previous Government is fully responsible, and the current Government should send all Kuwaiti parties who participated in negotiating the contract with Dow for interrogation and send the one who hid the penalty condition to the court.

NOTE: Whoever wants to hold Ahmad Al-Saadoun responsible for the loss the Kuwait Government incurred, because he demanded canceling the deal as MP, is one of two people. Either he doesn’t know the alphabet of politics or he is speaking in someone else’s tongue. – Al-Anba
 
Iran bars two top figures from vote
Source : Arab News  
Date : 2013-05-22
Iranian news websites have boosted speculation that election overseers have barred two prominent but divisive figures from next month's presidential ballot....
Saudi Arabia, Turkey boost ties
Source : Arab News  
Date : 2013-05-22
Saudi Arabia and Turkey signed on Tuesday key industrial and defense pacts....
Ten more arrested in Iranian espionage case
Source : Arab News  
Date : 2013-05-22
An official spokesman from the Saudi government has confirmed the arrest of 10 people involved in an Iranian espionage cell who were allegedly associated with the same spy network that...
Kerry in Muscat to help ink $ 2.1 bn defense deal
Source : Arab News  
Date : 2013-05-22
US Secretary of State John Kerry arrived in Oman yesterday aiming to help finalize an estimated $ 2.1 billion deal to supply a US-made air-defense system to the...
Violence in Iraq stokes fears of sectarian war
Source : Khaleej Times  
Date : 2013-05-22
Several bomb blasts killed at least 12 people in Iraq on Tuesday, police said, a day after more than 70 died in attacks, stoking fears of all-out sectarian war....
Friends of Syria to press for peace talks
Source : Khaleej Times  
Date : 2013-05-22
Countries supporting the Syrian uprising against President Bashar Al Assad meet on Wednesday in Amman to discuss ways to end the bloody conflict, mainly a US-Russian proposal for peace talks....
South Yemen seeks independence
Source : The Peninsula  
Date : 2013-05-22
Thousands of protesters gather in Yemen's main southern city of Aden yesterday to call for independence for the south 23 years after it united with the north....
Despite court order, Saudi in Iraq faces the gallows
Source : Saudi Gazette  
Date : 2013-05-22
A Saudi prisoner in Iraq was twice taken to the execution area despite a court order to postpone his execution for two months, Al-Yaum newspaper reported on Tuesday....
Bahraini dialogue to continue
Source : Gulf Daily News  
Date : 2013-05-22
The 18th session of the National Consensus Dialogue will be held today at the Isa Cultural Centre....
Workshop debates emerging threats to national security
Source : Kuwait Times  
Date : 2013-05-22
The Security Strategic Studies Institute of the National Security College at the Education and Training Sector of the Ministry of Interior is holding a three-day workshop titled 'National Security of...
Gulf women drivers reject the idea of removing veil
Source : Arab News  
Date : 2013-05-22
A proposal to make it illegal to drive vehicles in the Gulf States while wearing the veil could hamper efforts by Saudi women to drive cars in the Kingdom....
Recognition for
community service: Dhahi
Source : Khaleej Times  
Date : 2013-05-22
The Dubai Appreciation Award for Community Service reflected the interests of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai,...
UAE slams Philippine move to contact firms directly
Source : Khaleej Times  
Date : 2013-05-22
The UAE foreign minister has accused the Philippine Embassy of violating international conventions for directly contacting companies that supply Filipino labour to the country....
Arab League urged to draft convention on workers' rights
Source : Gulf Times  
Date : 2013-05-22
The Arab League should come up with its own convention to protect the rights of migrant workers according to its own specific requirements if it doesn't want to adopt...
5 Japanese firms offer internships to Emirati students from MI
Source : Gulf Today  
Date : 2013-05-22
Masdar Institute of Science and Technology announced on Tuesday that five major Japanese corporations are offering eight-week summer internships in Japan to UAE national students for the second successive year....
Unicef says Qusayr situation dire
Source : Gulf Today  
Date : 2013-05-22
The UN's children's agency warned on Tuesday that up to 20,000 civilians, mainly women and children, could be trapped by harsh fighting in the Syrian town of Qusayr....
Qatar-Egypt ties discussed
Source : Gulf Times  
Date : 2013-05-22
HH the Heir Apparent Sheikh Tamim bin Hamad al-Thani yesterday received a telephone call from Egypt's President Dr Mohamed Mursi....
Qatar condoles victims of US tornado
Source : Gulf Times  
Date : 2013-05-22
HH the Emir Sheikh Hamad bin Khalifa al-Thani, HH the Heir Apparent Sheikh Tamim bin Hamad al-Thani and HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin...
Digital Media Forum 2013 to kick off today
Source : Gulf Today  
Date : 2013-05-22
The second annual Digital Media Forum 2013 (DMF) - the region’s first conference of its kind will take place on May 22 and 23. The conference will be attended by...
Bombing spree
Source : Khaleej Times  
Date : 2013-05-22
A series of bomb blasts across the country from the messy capital Baghdad to the sleepy mountains of Kirkuk are pushing the nation into an abyss....
Total 659 Results in 33 Pages
1 
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.ae
Wed May 22, 2013| 12-رجب-1434هـ
Friends of Syria to press for peace talks
Saudi Arabia heading for 7.6% nonoil growth in 2013
Saudi Arabia, Turkey boost ties
IMF stays upbeat on Dubai
Violence in Iraq stokes fears of sectarian war
Qatar's GDP expected to grow 5.2% in 2013
Ten more arrested in Iranian espionage case
Solar power brightens Oman oil output prospects
South Yemen seeks independence
Kuwait, Morocco sign cooperative deals
Recognition for
community service: Dhahi
IMF sees Saudi economic slowdown, warns of inflation
Iran bars two top figures from vote
Doha Bank likely to sell bonds to raise capital: CEO
Dubai increasingly popular cruise tourism destination
    Newspaper Editorials
Bombing spree
Stress on jobs
More>>  
    Opinions
Saudi-Turkey rapport bodes well for global influence
In Iran, presidential candidates divided over foreign policy
More>>  
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    Reports
US Goals and Strategies toward the Arab World
US-Iranian competition: The Gulf military balance - II
More>>  
    Bank Reports
GCC Central Banks Digest - March 2013 - Update
Saudi Chartbook - May 2013
More>>  
    GRC Analysis
Building a Strong Saudi-Japan Relationship
Poor Gulf: Inequality and the Lack of Statistics
Whither GCC-US Relations?
    GRC Commentary
On Relations between Rulers and Citizens: The Need for a New Social/Political Contract in the GCC States
Key Issue Facing the Saudi Ruling House.
    GRC Book Review
Beyond Regionalism? Regional Cooperation, Regionalism and Regionalization in the Middle East
India, GCC and the Global Energy Regime: Exploring Interdependence and Outlook for Collaboration.
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
Asia-Gulf Economic Relations in the 21st Century: The Local to Global Transformation
Assessment of the Security Situation in Iran, Iraq, Yemen, Syria and the Arab Gulf States
China in the Eyes of the Saudi Media
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
Go
      
Privacy Policy | Contact Us | Terms & Conditions | About Us |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:0  |   22-- 22 Middle Page :0  --   | Right : 22 - 22--en--sess-enreq-en-coming