KUWAIT CITY, Nov 29:  A new stimulus package has been presented to the Parliament to financially support troubled companies, reports Al-Anba daily quoting Chairperson of the Financial Affairs Committee MP Dr Yousef Al-Zalzalah.

In a recent interview with CNBC Arabic TV, Al-Zalzalah revealed the package includes a number of suggestions like government intervention by granting long-term loans to the companies or encouraging banks, in which the executive authority has deposits, to offer such loans with low interest. 

He said another recommendation is the establishment of an emergency fund to deal with the current situation or any similar crisis that may arise in the future.

Al-Zalzalah observed the role of the private sector in Kuwait is receding and this might have a negative impact on the economy.  He also attributed the financial woes of the country and delayed implementation of the development to the incessant political bickering between the authorities.

Meanwhile, HH the Amir Sheikh Sabah Al-Ahmad Al-Sabah exercises his power through the ministers as stipulated in Article 55 of the Constitution, reports Al-Anba daily quoting MP Dr Ali Al-Omair.

Al-Omair made the statement in a gathering at Al-Barjas Diwaniya Monday attended by a number of MPs, writers and politicians.  He pointed out the executive authority has many functions, including the preparation of budgets and annual plans for the State. 

He said respect for the Constitution will reflect positively on the authority.

Meanwhile, MP Dr Hassan Jowhar hopes for a satisfactory compromise to end the current crisis, indicating he has been cautious about the dissolution of the National Assembly because it is under the sole jurisdiction of the Amir. 

He believes the dissolution of the Parliament is not the only way to resolve the multimillion deposit scandal and to let the people know the roots of corruption. 

He added the appointment of a new prime minister is not an insult; it is rather a positive step for the country to overcome the crisis.