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Sunday , November 18 2018

Tag Archives: financial crisis

MGRP files 270 ‘lawsuits’ against those who received financial aid illegally

KUWAIT CITY, July 12: The Manpower and Government Restructuring Program (MGRP) filed 270 lawsuits in the first half of the current year against registered members who received financial aid unlawfully, reports Al-Rai daily quoting Secretary General of MGRP Fauzi Al-Mijdali. Al-Mijdali made the statement when he visited students working during …

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MoSAL eyes field tours to make sure citizens receiving financial support are living in Kuwait – Panel mulls reviewing subsidized diesel sold to firms

KUWAIT CITY, Sept 5: Senior officials in the Ministry of Social Affairs and Labor have instructed the researchers and administrative staff in the six governorates to conduct field tours in order to make sure that the citizens who are receiving financial support are living in Kuwait, reports Annahar daily quoting …

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State Audit Bureau refuses to approve tenders of 27 projects – Move tied to implementation of ‘Finance’ decision

KUWAIT CITY, March 3: State Audit Bureau (SAB) has refused to approve the tenders of 27 projects, owing to implementation of the decision no 1/2016 issued by Ministry of Finance, reports Al-Qabas daily quoting official sources from Ministry of Public Works. They said these projects include 11 of the Roads …

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Audit blames Finance for KD 170m revenue shortfall – Final report lacks accuracy in collection of revenues

KUWAIT CITY, Feb 2t: The State Audit Bureau recorded observations on what it considers it as ‘shortcomings of the Finance Ministry concerning the collection of deserved revenue’ as it recorded KD 170 million less than the sum reported in the ministry’s final account report, reports Al- Nahar daily. In its …

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‘Unfair to make people in Kuwait victims of global economic crisis’

KUWAIT CITY, Feb 9: It is unfair to make the people victims of the global economic downturn. Therefore, the state officials should find means of resolving the problem with full transparency since they are the ones in charge. This was disclosed by participants at a recent seminar titled “Viewpoints on …

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Financial status of Kuwait excellent and solid – Al-Saleh stresses need to diversify sources of income

KUWAIT CITY, Nov 12: The financial status of Kuwait is “excellent and solid” as shown in reports from international rating agencies, says Deputy Prime Minister and Finance Minister Anas Al-Saleh. Speaking to reporters after attending the joint meeting between the Finance, Economic Affairs, Budgets and Final Account committees in the …

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Kuwait closely following up World Bank 2016 report: Al-Ali

KUWAIT CITY, Oct 31, (KUNA): Minister of Commerce and Industry Dr Yousif Al-Ali has said that they are closely following up the results of recently issued World Bank Group report on Doing Business for 2016. Kuwait registered a relative increase in the distance to frontier (DTF) according to the report …

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Ministries done preparing amended financial plans

KUWAIT CITY, Oct 31, (Agencies): A number of ministries and public authorities have finished preparing their amended financial plans for the coming fiscal year, reports Al-Nahar daily quoting governmental sources. They explained that these ministries’ budget demands reduced by KD1 billion in the second review after Ministry of Finance requested …

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‘Retribution’ an explosive financial crisis thriller – De la Torre’s film has a huge social message

LOS ANGELES, Oct 18, (RTRS): Dani de la Torre’s debut film “Retribution” (“El Desconocido”) arrives at MIA after a successful run on the fall film festival circuit, beginning with a prestigious opening-night slot at Venice Biennale sidebar Venice Days and including a high-profile gala screening at San Sebastian in the …

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