Financial Brokerage Sector has been witness to the drastic changes lately

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Govt urged to address complaints of citizens

KUWAIT CITY, Aug 28: Financial Brokerage Sector has been witness to drastic changes lately due to the newly approved licenses and activities concerning management of investment portfolios by investment counselors and the subscription agent, coupled with activities of the custodian.

A source said the sector is on the verge of attaining a giant stride that will boost competition and leave behind victims, noting the victims will be the companies that cannot cope with the swift interaction by some authorized entities, in addition to open plans. He noted a segment of the companies is committed to diversifying its resources to the point that they may not rely completely on the Kuwaiti market, as some have chosen different approaches to keep themselves ready for the implementation of development plans approved by the Capital Market Authority and executed by Boursa Kuwait, in collaboration with Clearinghouse.

MP Muhammad Al-Hadiya has urged State Minister for Services Affairs Jinan Boushehri to shoulder responsibility, withdraw bank guarantee at the Directorate General of Civil Aviation (DGCA) and compensate passengers who incurred losses due to flight delay, cancellation of hotel reservations and purchase of new tickets because of Wataniya Airways, reports Al-Qabas daily.

Meanwhile In a press statement, Al- Hadiya asked the government to take the necessary measures and address the complaints of citizens after Kuwait International Airport witnessed resentment of passengers towards Wataniya Airways due to the cancellation of flights and loss of luggage. He stressed the need to take a tough stance towards unjustified flight delays and cancellations, as well as failure to be responsible for affected passengers.

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