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Tag Archives: price rise

MPs call for halt to market pricing

KUWAIT CITY, Aug 16: Several lawmakers have asked Minister of Commerce and Industry Yusuf Al-Ali to immediately stop the implementation of his decision on floating or market price through which the prices of commodities are determined according to the law of supply and demand. They urged the minister to use …

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‘Some shops, commercial markets hike prices of commodities sans MoCI nod’

KUWAIT CITY, Aug 16 (Agencies): Several companies, shops and commercial markets have been increasing the prices of their commodities without the approval of Ministry of Commerce and Industry, taking advantage of the contradicting decisions of the ministry, reports Al-Shahed daily quoting informed sources. They explained that the ministry had issued …

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Panel okayed hike in prices of 603 types of commodities from 21 May ’15 to 12 Aug ’16

KUWAIT CITY, Aug 13: Head of Prices Committee and Head of Public Relations and Information Committee in the Cooperative Societies Union Sami Al-Menaikh says the Price Committee had approved to increase the prices of 603 types of commodities from May 21, 2015 to Aug 12, 2016, reports Aljarida daily. He …

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MP queries about measures taken to regulate prices of commodities

KUWAIT CITY, Aug 11: MP Abdullah Al-Turaiji has forwarded questions to Minister of Commerce and Industry Yusuf Ali about the measures taken by his ministry to regulate the prices of commodities. He wants to know if the ministry has laid down a plan to face the expected increase in the …

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Kuwait raises petrol prices by over 80% – ‘Rationalization’

KUWAIT CITY, Aug 1, (Agencies): The Kuwaiti Cabinet Monday decided to raise petrol prices by more than 80 percent from Sept 1 as part of economic reforms aimed at countering falling oil revenues. The Cabinet endorsed on Monday a plan to “start rationalizing fuel subsidies where the prices will be …

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Panel approves draft law for increasing litigants legal fees in court

KUWAIT CITY, June 25: Parliament’s Legislative Committee has approved a draft law for increasing the legal fees for all litigants in the court by 4.5 percent for amounts less than KD 20,000 and by 2.5 percent for amounts equal to or higher than KD 20,000, reports Aljarida daily. The committee …

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Stand behind leadership: MPs – ‘Tighten control over prices’

KUWAIT CITY, June 5: MPs Talal Al-Jalal, Askar Al-Anazi and Ahmad Al-Mutei expressed warmest greetings to His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, HH the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, HH the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, National Assembly Speaker Marzouq Al-Ghanim, ministers, other …

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Minister Ali to up number of inspectors to monitor market

KUWAIT CITY, May 27: MP Faisal Al-Kandari was quoted as saying the Minister of Commerce and Industry Dr Yousef Al-Ali has taken a decision to increase the number of inspectors and observers and also pressed into service 30 inspectors with the status of law enforcement officers to monitor the performance …

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MP stresses need for efforts to control prices

KUWAIT CITY, May 26: MP Faisal Al-Kandari has stressed the need to intensify efforts of the Ministry of Commerce and Industry to regulate prices in supermarkets and cooperative societies, especially during the holy month of Ramadan. According to Al-Kandari, he urged Minister of Commerce and Industry Ali Yusuf to strictly …

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Residents decry rising prices of food commodities in Ramadan – Authorities urged to monitor market, control traders

KUWAIT CITY, May 23: A large number of citizens and expatriates expressed their objection concerning the rising prices of food commodities especially prior and during the holy month of Ramadan. They held traders responsible for this trend, stressing that these traders increase the prices in order to take advantage of …

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