Tag Archives: price rise

MoCI plans to implement system to monitor prices electronically

‘Cancellation of projects will shake image of Kuwait’ KUWAIT CITY, June 18: Minister of Commerce and Industry Khalid Al-Roudan has unveiled his ministry’s plan to implement a system for monitoring prices electronically in order to provide consumers with the price list of about 500 items weekly, reports Al-Qabas daily. Asserting …

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Teams formed to monitor prices during Eid: report

Some army personnel freed in gesture KUWAIT CITY, June 13, (KUNA): Ministry of Commerce and Industry announced Wednesday the formation of three inspecting teams to regulate and follow up on goods prices in all markets during Eid Al- Fitr. Each team includes 30 inspectors who cover all governorates in the …

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Electronic price monitoring eyed to strengthen controls

KUWAIT CITY, June 2: In another attempt to control unjustified price hikes, Minister of Commerce and Industry Khaled Al-Roudhan said the ministry is currently working on an electronic system to monitor prices in the local market. Although the accessibility details have yet to be disclosed, the minister explained that the …

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Minister visits co-ops to monitor prices of goods

KUWAIT CITY, May 23: Minister of Commerce and Industry Khaled Al-Roudan inspected several cooperative societies with the objective of monitoring prices to ensure there is no price manipulation or unjustified price increase, considering there are several record-breaking promotions in this year’s holy month of Ramadan. In a press statement after …

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Traders plan to sue govt in battle over price hike – ‘Increase long overdue’

KUWAIT CITY, May 23: The local business community is considering entering into a legal battle with the state if it does not abandon the policy of interfering in setting prices and turns down any requests to increase prices for more than a year, reports Al-Rai daily quoting high-level commercial sources. …

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Over 30 major companies seek 5 to 10 pct price raise for foodstuffs

Committee stops considering hike until after Ramadan KUWAIT CITY, May 22: More than 30 major foodstuff supply companies have submitted a request to the food pricing committee to raise the prices of some foodstuffs ranging between five and 10 percent, reports Al-Rai daily quoting reliable sources. The pricing committee includes …

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MoCI should stay alert against greedy traders in Ramadan: MP

Panel okays set of amendments to housing law for women KUWAIT CITY, May 20: Several lawmakers have put the Ministry of Commerce and Industry under microscopic surveillance since the beginning of the holy month of Ramadan, with special focus on greedy traders who exploit festive periods and other related occasions …

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MP wants to know ‘why’ prices go up in Ramadan

KUWAIT CITY, April 12: MP Riyadh Al-Adsani has forwarded questions to Minister of Commerce and Industry Khaled Al-Roudhan about the high prices of commodities and commercial fraud during Ramadan. Al-Adsani pointed out that every time the holy month of Ramadan approaches, some commercial companies and markets are taking advantage of …

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‘Govt working on plan to deal with rise in commodity prices’

KUWAIT CITY, Nov 8: The Ministry of Commerce and Industry is currently working in cooperation with other government agencies to develop an integrated work plan to control and deal with the problem of rising commodity prices in the markets, reports Annahar daily quoting reliable sources. The sources pointed out the …

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Committee formed to ‘monitor’ prices at cooperative societies – ‘Power of arrest’

KUWAIT CITY, July 20, (Agencies): The Ministry of Social Affairs and Labor, on Thursday announced the formation of a joint committee with the Ministry of Commerce and Industry, with the power of arrest to monitor prices at the cooperative societies. The move comes to quash claims on rise in prices …

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