Tuesday , October 17 2017

Tag Archives: price rise

MP focus on price controls

  KUWAIT CITY, Feb 22: The parliamentary Priorities Committee on Wednesday met with government representatives including State Minister for Cabinet Affairs Sheikh Mohammed Al-Abdullah Al-Sabah, Minister of Social Affairs and Labor Hind Al-Sabeeh, and Minister of Justice and State Minister for National Assembly Affairs Faleh Al-Azeb. According to committee member …

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Kuwaitis and expats bitter over commodity prices manipulation – ‘Prices low on racks, higher at cash counter’

KUWAIT CITY, Feb 19: A number of Kuwaitis and expatriates expressed resentment over the widespread manipulation of commodity prices in many stores. They urged for increased monitoring of markets by the concerned authorities in order to bring an end to this negative phenomenon. Omar Zedan explained that some stores cheat …

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Prices of essential commodities skyrocketed by up to 25 percent

KUWAIT CITY, Jan 25: The prices of some essential commodities such as milk, eggs, vegetables, meat, fish and seafood has skyrocketed by up to 25 percent, due to lack of any real monitoring for curbing such price hikes, reports Al-Shahed daily quoting informed sources. They explained that the prices of …

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Cooperative societies ‘warn’ of a wave of catastrophic price hikes

KUWAIT CITY, Nov 27: The Union of Consumer Cooperative Societies and officials of cooperative societies warned of “an upcoming wave of catastrophic price hike” which will affect the prices of all commodities and foodstuff in the first quarter of the year 2017. They affirmed about the implementation of new price …

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Citizens, expats decry increase in commodity prices – ‘No monitoring’

KUWAIT CITY, Oct 15: A number of Kuwaiti citizens and expatriates expressed their frustration over the recent huge increase in the prices of commodities and food items in the market. In a survey carried out by the daily, the participants pointed out the lack of monitoring and supervision in the …

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Compensation eyed over fuel price hike – ‘Last chance to avoid clash’

KUWAIT CITY, Oct 1: Few days prior to a joint executive-legislative meeting scheduled to be held on Wednesday for discussing palliative measures to relieve citizens from effects of the fuel price hike, the government has reportedly been considering the need to present some mechanisms for compensating citizens as “the last …

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No increase in prices after fuel hike: report – 5 pc rise in some items: official

KUWAIT CITY, Sept 29: Chairman of the Union of Consumer Cooperative Societies (UCCS) Dr Saad Al-Shabou affirmed that his meetings with the Minister of Commerce and Industry Yousef Al-Ali are part of the consistent coordination between the union and the ministry to monitor price increase in cooperative societies. Dr Al-Shabou …

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MoCI panel okays hike of 75 consumable items – Fuel price increase will result in high rate of inflation: Al-Shaibani

KUWAIT CITY, Sept 27: The Committee for Price Monitoring and Followup formed by Ministry of Commerce and Industry has approved four major companies’ request to increase the prices of 75 consumable and food items, which will be sold in the local market based on the new prices, reports Al-Nahar daily. …

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Minister said declined any step to hike prices of KFM products

KUWAIT CITY, Sept 19: Informed sources disclosed that the State Audit Bureau has asked Kuwait Flour Mills (KFM) to raise the prices of its products to international standards, reports Al-Rai daily. However, the Minister of Commerce and Industry Dr Yusuf Al-Ali is said to have declined any step to amend …

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Household expenses eat up 120% of head of family’s monthly pay: expert

KUWAIT CITY, Sept 8: Consumer behavior consultant Salah Al-Jemez affirmed that the head of an average family in Kuwait spends about 120 percent of his monthly salary for household expenses during regular months when there are no festivals. Therefore, many families are forced to borrow money to cover the deficit …

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