Page 9 - Al-Rashed Newsletter July 2020

KUWAIT & IRAQ
KUWAIT NEWS

Amir’s health ‘very assuring’: Speaker
National Assembly Speaker Marzouq Al-Ghanem said yesterday that reports
about the health condition of HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-
Sabah, undergoing medical treatment in the US, are “very assuring”. His
statement came in the National Assembly after a meeting with HH Deputy Amir
and Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah.Ghanem also said
he has conveyed to the US ambassador to Kuwait the appreciation of the
National Assembly to the United States for sending a medical transport plane to
take HH the Amir for treatment and for the care they provided to Sheikh Sabah.
HH Sheikh Sabah departed aboard the flying hospital to the US on Thursday to
complete medical treatment following successful surgery in Kuwait. Kuwaiti
Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah has sent a letter to US
President Donald Trump thanking him for sending an American Air Force plane to
transport Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to Washington for
treatment

Kuwait’s draft expat quota law will have exemptions
The Kuwaiti government has drafted a law that will allow some foreign nationals
to continue working in the country as it works to redress the balance of
employment between expats and its own citizens.Under the draft law domestic
workers, GCC nationals, government contract workers as well as diplomats and
relatives of Kuwaitis will all be exempt from the expat quota system, a panel
report said.
The new proposal states that Indian nationals must not exceed 15 percent of the
population. Sri Lankans, Filipinos and Egyptians must not account for more than
10 per cent each, while Bangladeshis, Pakistanis, Nepalis and Vietnamese must
not cross five percent each, it said.Other nationalities cannot exceed three
percent each, it added.
86.17 IRAQ NEWS

Kuwait's COVID-19 recovery Iraq issues 'total curfew' for Eid al-Adha
rate as of 30.07.2020 Iraq is instituting a “total curfew” for the upcoming Eid al-Adha holiday.The curfew
will be in place from July 30 until Aug. 9, according to a statement today from
Source: Worldometer
the Iraqi government. Past total curfew orders in Iraq have mandated a ban on non-
essential movement and business, meaning people could only go to local
supermarkets and pharmacies.

'ATTITUDES ARE Iraq’s Oil Exports To China Up 27.5% During First Half of 2020
NOTHING MORE THAN Despite the turmoil of 2020 in the crude oil market, Iraq has managed to increase its
oil exports to China, its main customer. In its latest weekly report, shipbroker
HABITS OF THOUGHT' Banchero Costa said that “oil prices began to recover after the Organization of

- JOHN C. MAXWELL Petroleum Export Countries (OPEC) and its allies agreed to end a price war and
make their biggest-ever production cut. The deal has helped oil prices to double in
the past two months by withdrawing about 10 percent of global supplies from the
market. Under the OPEC+ deal, Iraq is obliged to compensate for their over-
production on May and June in the coming months. In the first half of 2020, OPEC’s
second-largest producer exported just 80.4 mln tonnes of crude oil, according to
vessel-tracking data from Refinitiv.

Source: Arabnews.com, Kuwaittimes.com , Al-Monitor.com