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Monday , November 19 2018

Tag Archives: subsidies

Subsidies end by 2020 – Phase-out to ease financial stress

KUWAIT CITY, Oct 31, (AFP): The Gulf state of Kuwait, under financial stress due to low oil prices, plans to end all forms of public subsidies by 2020, a report published on Monday said. A committee set up by the finance ministry to review all public subsidies said it plans …

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‘No other subsidy to be lifted’

KUWAIT CITY, Oct 14: Undersecretary of Ministry of Finance Khalifa Hamada has affirmed that, “No other subsidy will be lifted soon, as the government will be holding discussions about its reforms”. In a press statement he issued during the ninth meeting of the Treasurers of Middle East and Africa, which …

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Bangladeshi and a Nepali caught selling ‘ration’ food

KUWAIT CITY, Sept 9: Personnel from the Ministry of Commerce and Industry with the help of police have arrested two men – a Bangladeshi and a Nepali – for storing and selling subsidized foodstuffs meant for Kuwaitis after changing the original packing, reports Al-Qabas daily. A security source when police …

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‘Don’t give ration products to those under 18’

KUWAIT CITY, Sept 9: The Ministry of Commerce and Industry issued a circular to all supplies branches in the six governorates to stop giving ration products to those under 18 years old, even if their names are listed on the ration card, reports Al-Rai daily quoting sources. The circular also …

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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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