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Friday , November 16 2018

Tag Archives: debt

Proposal submitted for State to buy Kuwaitis debts and Loans

KUWAIT CITY, July 15: MP Majid Al-Mutairi submitted a proposal for the State to buy debts and loans of Kuwaitis to be paid through longterm installments. In his proposal, the lawmaker indicated that the Constitution guarantees a prosperous life for every citizen; while official statistics revealed many Kuwaitis are suffering …

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Kuwaiti debt defaulters rising – ‘300 warrants daily’

KUWAIT CITY, June 11: The number of Kuwaiti debtors is increasing following the search and arrest warrants issued by the Public Prosecution based on complaints filed by the private companies, reports Al-Anba daily quoting sources. The sources pointed out more than 300 warrants are being issued on a daily basis …

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Securitymen nab Kuwaiti and an Egyptian for non-payment of KD 6,144 debt

KUWAIT CITY, April 14: Ahmadi securitymen arrested a Kuwaiti citizen, who is wanted by law for nonpayment of KD 5,000, and an Egyptian expatriate, who is wanted for nonpayment of KD 1,144, at a security checkpoint in Ahmadi area, reports Al-Seyassah daily. Meanwhile, a vehicle, whose owner is involved in …

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Police arrest 6 wanted by law over KD 93,000 debt

KUWAIT CITY, April 11: Police have arrested 6 people who were wanted by law for failing to pay collective debt of over KD 93,000, reports Al-Anba daily. A security source said the suspects were seized at several checkpoints. Giving a breakdown the security sources said three Kuwaitis were seized for …

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His Highness the Amir orders payment of citizens, expats prisoners’ debts

KUWAIT, Feb 18 (KUNA) — His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah ordered the payment of debts for citizens and expatriates in residing prison, said the Amiri Diwan in a statement Sunday. His Highness the Amir’s generous step came in celebration of Kuwait’s 57th National Day and 27th …

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Woman not obligated to pay in joint debt

KUWAIT CITY, Feb 13: The Court of Appeals has canceled the verdict issued by the Court of First Instance which obligated a Kuwaiti woman to pay KD 150,000 to her ex-husband based on a debt declaration letter she had signed. In a lawsuit filed by the ex-husband, he demanded the …

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Govt fails to collect approx $5bn owned by various sectors: report

Ministry of oil tops the list of defaulters KUWAIT CITY, Nov 9: The government has failed to collect approximately 1.5 billion dinars (equivalent to $5 billion), owed to it by various sectors, reports Al-Anba daily citing a government report. The report stated the Ministry of Oil tops the list of …

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6,895 arrested in 2016 – New unit to handle debtors

KUWAIT CITY, Sept 18: Assistant Undersecretary for Correctional Facilities and Sentences Execution Affairs in the Ministry of Interior Major General Khaled Al-Dayeen affirmed that the ministry endeavors to achieve the goals set for correctional facilities in the country, and to serve citizens and expatriates in the best way possible. He …

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KD 80 mn owed to the state yet to be settled – Companies owe 98 pct of the debts

KUWAIT CITY, July 2: Director of Financial Affairs Department at Kuwait Municipality Fawzan Al-Nemran disclosed that about KD 80 million accruable to the State Treasury is yet to be paid, reports Al-Qabas daily. In a letter sent to the Director General for Financial Affairs, Al-Nemran explained that the 2015/2016 fiscal …

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Debt unpaid – Travel ban lifted

KUWAIT CITY, June 27: The Court of Appeals presided by Judge Waleed Al-Mejal cancelled the decision of Execution Department and lifted travel ban imposed on a citizen involved in a financial offense. Lawyer Khawla Al-Hassawi said Execution Department had issued an order preventing her client from traveling against a guarantee …

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