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Tag Archives: price rise

‘New power tariffs to hit food prices in co-ops’

KUWAIT CITY, May 4: An expert in the cooperative society sector warned about a possible dramatic change in the prices of food items in case the cooperative society sector is transformed into an investment sector and the new prices of electricity are applied, reports Al-Anba daily. He said the Board …

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Bid to reduce ‘expenditures’

KUWAIT CITY, April 28: The government is considering the possibility of reducing expenditures by limiting the benefits provided to serious leaders and cancelling the support for new independent authorities such as Public Authority for Fighting Corruption, Kuwait Fund for Small and Medium Enterprises and Public Authority for Communication, reports Al-Shahed …

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‘Trying to make ends meet in rising costs cause of stress’ – ‘Living standard getting expensive’

KUWAIT CITY, April 27: In this week’s Arab Times online poll, readers shared the causes of stress in their seemingly robotic lives. The majority of respondents felt that trying to make ends meet in a constant price rise world was the most taxing. 27% of respondents felt that the rising …

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Co-ops queried on hike in rates of commodities – MoCI calls meet to discuss ‘freeze’

KUWAIT CITY, April 18: Ministry of Commerce and Industry invited Ministry of Social Affairs and Labor, Kuwait Chamber of Commerce and Industry, Cooperative Societies Union, Kuwait Union of Food Producers for a meeting to discuss the decision of Ministry of Commerce and Industry to freeze the prices of goods and …

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Ration food in basement – Items resold as other brands

KUWAIT CITY, April 17: Personnel from the Consumer Protection Department at the Ministry of Commerce and Industry, in coordination with the Ministry of Interior recently raided the basement of a residential building in Jleeb Al-Shuyoukh and confiscated tons of subsidized foodstuffs, reports Al-Rai daily. Undersecretary for Commercial Supervision and Consumer …

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‘Hike in prices harming poor’

KUWAIT CITY, April 16: A number of preachers criticized the government’s proposal to increase the prices of commodities, and requested the concerned governmental authorities to refrain from harming poor people with limited incomes, reports Al-Seyassah daily. Head of the Higher Consulting Committee for Islamic Sharia Implementation Dr Khalid Al-Mazkour said …

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Traders hike prices of foodstuff after MoCI announces ‘freeze’ – Absence of ministry’s surveillance on market tied to move

KUWAIT CITY, April 13: Traders in Kuwait increased the prices of foodstuff by 15-50 percent immediately after Ministry of Commerce and Industry announced its decision to freeze prices. The traders made this move without waiting for the government and Parliament to reach an agreement about the electricity and water costs. …

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KCCI expresses objection to Minister Ali’s decision to freeze consumer goods prices

KUWAIT CITY, April 11: Kuwait Chamber of Commerce and Industry (KCCI) has expressed objection and displeasure to the decision of Minister of Commerce and Industry Dr Yousef Al-Ali to freeze the prices of consumer goods. During a meeting between the Acting Prime Minister Sheikh Sabah Al-Khalid and a KCCI delegation …

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Commerce minister issues decree to ‘freeze’ prices of commodities – Arab societies facing organized campaign to destroy families

KUWAIT CITY, April 10, (KUNA): Minister of Commerce and Industry (MoCI) Dr. Yusuf Al-Ali has issued a decree freezing the prices of commodities, services and craft works. In a press conference held Sunday to unveil the decree, minister Al-Ali stressed that immediate legal actions would be taken against the decree …

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‘Finance’ is waiting for Assembly’s response regarding new fuel prices

KUWAIT CITY, April 1: Undersecretary of Ministry of Finance Khalifa Hamada says the ministry is waiting for the response of the National Assembly concerning the government’s proposal for the new prices of fuel, reports Al-Anba daily. Meanwhile, Rapporteur of the parliament’s Finance Committee MP Faisal Al-Shaye explained that the committee …

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