KUWAIT CITY (AFP) - The government of oil-rich Kuwait resigned on Monday following a bitter dispute with opposition MPs, state-run television reported. The prime minister has submitted his resignation to the emir, Kuwait TV said, without specifying whether it had been accepted. Earlier, opposition lawmaker Khaled al-Sultan said the governments resignation was accepted amid a bitter political dispute between the prime minister and opposition MPs. We are waiting for the appointment of a new prime minister before parliament is dissolved in order to be assured of fair elections, the Islamist opposition MP told reporters outside parliament. Parliament speaker Jassem al-Khorafi said he had not been informed about a dissolution of parliament. The announcement came after Emir Sheikh Sabah al-Ahmad Al-Sabah chaired an emergency meeting of the cabinet headed by Prime Minister Sheikh Nasser Mohammad al-Ahmad Al-Sabah to discuss the emirates latest political crisis. Sheikh Nasser, 71, had been due to be questioned in parliament by three opposition MPs on allegations of graft, including charges that he transferred public funds into his overseas accounts. The government has denied the charges. The move also came ahead of a planned mass rally later on Monday by the opposition to press demands for the premiers ouster. Sheikh Nasser, a nephew of the emir, was appointed to the post in February 2006 and has since now resigned seven times because of political turmoil. Parliament has been dissolved three times over the same period. Several opposition MPs welcomed the resignation and called for parliament to be dissolved and early elections. I hope that the emir will please the Kuwaiti people by dissolving parliament... and forming a transitional cabinet to supervise the elections, opposition MP Falah al-Sawwagh told reporters. Independent opposition MP Mubarak al-Waalan called for the appointment of a new premier to lead the transitional government until polls are held.