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Tag Archives: price rise

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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Govt warned against taking steps that will affect pockets of Kuwaiti citizens – MP Al-Anjari urges release of Musallam Al-Barrak

KUWAIT CITY, March 25: Some MPs of the dissolved 2012 Parliament’s majority bloc criticized the way the government has been dealing with the issues that are being discussed in the National Assembly. They warned the government against taking steps that will negatively impact the pockets of citizens, reports Al-Qabas daily. …

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No turning back on ‘rationalisation’ of expenditure even if oil prices rise – Banks gauge bond capacity

KUWAIT CITY, March 9: During a meeting between the parliament’s Financial and Economic Affairs Committee and the representatives of Kuwait Chamber of Commerce and Industry (KCCI) on Wednesday, the government included some austerity measures and initiatives in the series of legislative amendments that were recently submitted to the National Assembly …

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‘Spending cut plans not attempt to tax citizens’ – NEW ELECTRICITY TARIFFS SOON

KUWAIT CITY, March 5, (Agencies): Planned economic reforms aim to rationalize spending, and are not an attempt by the government to levy taxes on the people, Minister of Electricity and Water Ahmad Al- Jassar said on Saturday. In a press statement after attending a meeting of the parliamentary committee on …

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Speaker presides at budget talks – Panel tackles economic situation

KUWAIT CITY, March 3: Parliament Speaker Marzouq Al-Ghanim on Thursday presided over the Finance and Economic Affairs Committee meeting, during which the panel members and other concerned officials discussed a number of issues related to the current economic situation and ways to address the budget deficit. Besides the committee chairman …

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Government proposes new gasoline prices – Deficit eyed

KUWAIT CITY, Feb 28: The government has proposed the following gasoline prices: 90 fils for Premier, 119 fils for Super and 127 fils for Ultra, says MP Mohammad Tana. Tana made the announcement after the parliamentary Finance and Economic Affairs Committee meeting presided over by National Assembly Speaker Marzouq Ali …

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Prices of many commodities up 30-55 percent, say sources – Consumers file complaints with Ministry of Commerce

KUWAIT CITY, Feb 18: The prices of many commodities have been increased by 30-55 percent under the pretext of higher prices of transportation and storage as well as the unstable political situation of the region, reports Al-Shahed daily quoting reliable sources. They revealed that many consumers have filed complaints in …

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Prices of commodities raised unduly, preceding subsidy cuts – ‘Consumers always at the receiving end’

KUWAIT CITY, Feb 11: In a manner depicting jumping the gun prior to the probable removal of fuel and electricity subsidies, prices of some food items have reached a height such that several consumers have been denouncing the ugly situation and expressing concern over the rise in prices of commodities …

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