Monday , December 11 2017

Tag Archives: private sector

Financial support for citizens in private sector suspended – Several lawyers vow to sue Mosal

KUWAIT CITY, May 28: In an unprecedented move by the government, the stategranted “financial support” for Kuwaiti employees of the private sector has been suspended for majority of them because they failed to update their data or present their work permits, reports Al-Qabas daily. Since suspension of salaries, which is …

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MPs hail approval of Company Law amendment

KUWAIT CITY, April 15: Several MPs hailed the Parliament’s approval of the proposed amendment of Companies Law No. 1/2016, affirming the revised law will ease procedures for establishing companies and attract investments from young entrepreneurs. The amended law no longer requires investors to deposit capital before establishing a company while …

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‘Need for private sector to participate in development’

KUWAIT CITY, Oct 25, (KUNA): The General Secretariat of the Supreme Council for Planning and Development (SCPD) affirmed the necessity of backing the private sector to take part in the country’s development plans. Empowering the private sector is done through supporting small and medium-sized enterprises, Secretary General of SCPD Dr …

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Nod to Labor Law amendments – Compensation, assets lien to wronged employee

KUWAIT CITY, June 7: The National Assembly unanimously approved the proposal to amend some articles of Private Sector Labor Law No. 6/2010 in its first and second deliberations on Tuesday. The amendment bill stipulates replacing Articles 57, 138, 140 and 142 with the following texts: Article 57 states that an …

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Kuwait to let private sector manage airport, ports – Govt under pressure to cut costs and improve efficiency of economy

DUBAI, March 8, (RTRS): Kuwait’s government plans legislation that will let the private sector manage commercial ports and the country’s international airport, with the government retaining its ownership of the assets, a senior government official told Reuters on Tuesday. Like other Gulf states, Kuwait is under heavy pressure to cut …

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Commercial ties with world countries Kuwait’s goal: KCCI – ‘Private sector vital for growth’

KUWAIT CITY, Feb 22, (KUNA): Promoting investment and commercial cooperation with world’s countries is a key strategic goal of Kuwait that needs exerting efforts with businesses to be in favor of mutual interests in this regard, said Osama Al-Nisf, a member of Kuwait Chamber of Commerce Industry (KCCI). Al-Nisf made …

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‘Workers on govt contracts can’t shift to private sector’

KUWAIT CITY, Nov 12: Employees registered on government contracts are not allowed to transfer to private sector as per regulations, says Minister of Social Affairs and Labor, the State Minister for Planning and Development Affairs Hend Al-Subaih. She indicated the recent decision regarding the transfer of government contracts only allows …

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