------------- -------------- ------------------- -------------------
Wednesday , June 29 2022

2 food delivery companies fined for ‘monopolization’

This post has been read 18420 times!

KUWAIT CITY, Oct 14: Based on a request received from Competition Protection Authority, General Department for Investigations affiliated to Ministry of Interior, discovered that two companies, which are specialized in food delivery and have foreign capital, managed to collect more than KD 4 million by monopolizing the business, reports Aljarida daily quoting informed sources.

They explained that the Competition Protection Authority informed the two companies to remove their violations and provide evidences of their commitment to the decisions of the authority as well as pay fines proportionate to the profits they attained by monopolizing the business.

The companies had refused to execute the decisions within the specified grace period, which resulted in the doubling of the fine amount.

The issue began in 2017 when the two companies signed exclusive contracts with restaurants, forcing the latter not to sign similar contracts with any other delivery company. This condition obligated many restaurants to terminate the contracts they signed with other delivery companies.

Check Also

3 Expats steal 34 motorbikes

This post has been read 18421 times! KUWAIT CITY, Dec 26: Three expats were arrested …