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Tuesday , November 13 2018

Tag Archives: price rise

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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43 commercial establishments fail to prep price lists – Labor minister receives UN official on human trafficking

KUWAIT CITY, Sept 7: About 43 commercial establishments in cooperative societies did not prepare their current price lists as part of steps to address the expected price hikes in the coming period, thereby, defying commercial laws on combating unjustified price increase, reported Al Shahed daily quoting sources. Sources said the …

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Citizens, expats express anger over skyrocketing prices – Residency traders roaming freely: MP

KUWAIT CITY, Sept 4: Several citizens and expatriates have expressed displeasure over the skyrocketing prices of commodities after the recent hike in fuel prices, saying traders are transferring financial burdens on consumers, and foodstuff traders in particular, are exploiting the opportunity to reap more profits. According to a Kuwaiti man …

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New warnings on price hikes

KUWAIT CITY, Sept 1, (KUNA): Ministry of Commerce and Industry stressed Thursday the importance to maintain the prices on food commodities and end any unnecessary price hike after the increase of fuel prices. The ministry said in a press release, after its officials held a meeting with the Union of …

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Several citizens, expats express sorrow over increase in prices of school supplies – Deafening silence of price control dept slammed

KUWAIT CITY, Aug 25: Several citizens and expatriates expressed deep sorrow over the increase in the prices of school supplies this year, disclosing that school bags now cost more than KD 18 and some types of bags are being sold for KD 30. They said the traders increased prices of …

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Eye on ‘pricing’ of commodities – ‘Stop illegal exploitation’

KUWAIT CITY, Aug 22, (KUNA): The Cabinet, at its weekly regular session held on Monday, asked the Ministry of Commerce and Industry and the Ministry of Social Affairs and Labor to submit regular reports to the Government regarding measures taken to stem the unreasonable hikes in prices of commodities. The …

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MPs BACK MEASURES THAT DON’T HURT CITIZENS – Pockets redline reforms can’t cross

KUWAIT CITY, Aug 17: The National Assembly Office has affirmed that measures are being taken to face the global economic crisis and the lawmakers support economic reforms provided they do not affect citizens. In its statement, the office explained that since the oil prices dropped and the world entered a …

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‘Prepare a comprehensive plan to face hike in prices of commodities’

KUWAIT CITY, Aug 17, (Agencies): The Cabinet has instructed Minister of Commerce and Industry Dr Yusuf Al-Ali to prepare a comprehensive plan to face increase in the prices of other commodities, if any, once its decision to raise fuel prices takes effect by the beginning of September, reports Al- Shahed …

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‘Pay for power, water based on new tariff plan’

KUWAIT CITY, Aug 17: Ministry of Electricity and Water has obliged Ministry of Education to pay for the electricity and water used in schools, nurseries and other educational facilities based on the new tariff plan, which is 25 fils per kilowatt of electricity and KD 4 per 1,000 gallons of …

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