KUWAIT CITY, July 6: Islamist MP Daifallah Buramiyah warned State Minister for Cabinet Affairs, Ali Al-Rashid, of any irregularities in the appointment of Fatwa and Legislative lawyers in order to fulfill political agendas. The MP cast doubt on the recent announcement by Al-Rashid that 160 lawyers have been appointed and at the same time refusing to reveal their names. Buramiyah said that this indicates the possibility of discrepancies in these appointments for political gains, adding that he will check the credentials and backgrounds of the employees.

Meanwhile, MP Khaled Al-Tahous forwarded a number of questions to the Minister of Defense, Sheikh Jaber Al-Mubarak, requesting more information on an alleged contract for building a nuclear medicine ward at the Jaber Al-Ahmed Armed Forces Hospital. Al-Tahous requested answers on the tendering procedures the hospital has undertaken to assign the contract to the said company as well as the costs and expenses of the project.

Furthermore, MP Faisal Al-Muslim requested the Minister of Trade and Commerce, Amani Al-Borsili, not to delay the implementation of the Capital Markets Authority Act with the excuse of amendments to the law.
Kuwait’s Capital Markets authority bylaws came into effect, after being published in the country’s official gazette in March 2011. The bill was approved in February 2010.

The authority’s objectives are to organize stocks and securities in a fair, transparent and competitive way, to provide protection to those partaking in the activity of securities and stocks and to implement policies regarding full disclosure and transparency in order to prevent conflict of interest and the exploitation of insider information.
The authority also aims to keep the public aware of stock activity, the dangers, the benefits and the responsibilities associated with investing in securities and encouraging growth and to ensure the compliance with the laws and regulations related to the activities of securities.