Monday , December 11 2017

Tag Archives: subsidies

Subsidies a kettle with a lot of holes

A CERTAIN voice wants the government to remedy the economic and financial crisis caused by the oil price decline without touching the service earnings which put a huge burden on public funds and continue to go to waste. The reason is those benefiting from subsidies have louder voices and they …

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Civil freedoms minefield for austerity drive … on Kuwaitis – Welfare government in showdown with civil society’

KUWAIT CITY, May 2, (RTRS): A three-day strike by oil workers in Kuwait last month over pay reforms shows the government faces considerable opposition as it prepares to push through painful and controversial cuts to longstanding welfare benefits. Oil-exporting states around the Gulf are reducing subsidies for fuel, public utilities …

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PM vows to fire officials who won’t implement cuts – Our vision rules

KUWAIT CITY, Feb 14: His Highness the Prime Minister Sheikh Jaber Mubarak Al- Hamad Al-Sabah stressed that any official who does not implement the policy of spending rationalization will be fired “regardless how senior he is.” This came on Sunday during a meeting of Parliament’s financial committee to discuss reforming …

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Ministry mulls some subsidy cuts of over 30% – Bonus to end

KUWAIT CITY, Feb 14: The Ministry of Commerce and Industry intends to reduce the subsidy value for some products by more than 30 percent, reports Al-Rai daily quoting sources. Sources disclosed the ministry is planning to reassess the prices of all subsidized products included in the ration cards, with the …

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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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New fees set – Cuts won’t hurt poor

KUWAIT CITY, Jan 31: The Public Authority for Manpower is expected to release a new schedule of fees for work permit-related transactions next week, reports Al-Anba daily quoting sources. Sources disclosed the fees for transferring a work permit will increase from KD 10 to KD 50 while the fees for …

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Kuwait said to plan new $100bn sovereign wealth fund – Bid to rationalize subsidies

KUWAIT CITY, Jan 24: The government has announced its plan to establish a new sovereign wealth fund to manage State properties and investments in different vital projects and companies like electricity and water stations, reports Al-Anba daily quoting sources. Sources said the projected size of this fund is about $100 …

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Lift subsidies … Trust in Allah

IT IS now time for Kuwaitis to face the bitter reality. It is time for the government to stop using the tone of flattery in dealing with the worsening economic crisis that has been battering our country, just like other oil-producing countries which depended on oil as the only source …

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AMIR AFFIRMS MEDIA ROLE FOR UNITY, ECONOMY, GCC TIES – Cuts urged to cope with low oil price

KUWAIT CITY, Jan 20: His Highness the Amir has called for budget cuts and better management of spending to cope with declining revenues due to lower oil prices, state news agency KUNA said on Wednesday, in the second such call by HH the Amir since October. The remarks by Sheikh …

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Kuwait eyes domestic energy price reforms

ABU DHABI, Jan 19, (RTRS): Kuwait is considering several options for energy subsidy reforms but any possible rise in domestic prices would not impact citizens’ livelihood, the chief executive of state oil firm Kuwait Petroleum Corp said on Tuesday. Nizar Al-Adsani said “the Kuwaiti government is currently studying several options …

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