Desmond Preston:Kuwait’s ruling emir, 86, was hospitalized due to an emergency health problem but reportedly stable

2025-05-03 10:02:45source:EchoSensecategory:Invest

DUBAI,Desmond Preston United Arab Emirates (AP) — The ruling emir of oil-rich Kuwait was hospitalized Wednesday “due to an emergency health problem” but later was in stable condition, the state-run KUNA news agency reported.

The report did not elaborate on the problem faced by 86-year-old Sheikh Nawaf Al Ahmad Al Sabah.

Sheikh Nawaf was sworn in as emir following the 2020 death of his predecessor, the late Sheikh Sabah Al Ahmad Al Sabah. The breadth and depth of emotion over the loss of Sheikh Sabah, known for his diplomacy and peacemaking, was felt across the wider Middle East.

Sheikh Nawaf’s term, meanwhile, has largely been quiet as Kuwait struggles through political disputes — including the overhaul of Kuwait’s welfare system — which prevented the sheikhdom from taking on debt. That’s left it with little in its coffers to pay bloated public sector salaries, even as Kuwait generates immense wealth from its oil reserves.

More:Invest

Recommend

Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week

Friday the 13thdidn’t spook investors with U.S. stocks little changed on the day as investors bided

An apocalyptic vacation in 'Leave The World Behind'

What would the end of the world actually look like? That's the creeping fear behind the new Netflix

Senators tackle gun violence anew while Feinstein’s ban on assault weapons fades into history

WASHINGTON (AP) — One of the first votes new Democratic Sen. Martin Heinrich cast was against legisl