26/03/2026
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26/03/2026
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Kuwait's Commerce Ministry cancels licenses of 516 companies over financial reporting lapses.
KUWAIT CITY, March 26: The inspection teams at the Ministry of Commerce and Industry (MoCI) continued their inspection of shops and markets to apprehend violators, ensure market stability and protect consumers. The ministry revealed in a press statement that the violations uncovered in the gold market include refusing to sell, selling at prices other than those advertised, and demanding large quantities. Five violation reports were recorded at the gold market in the Capital Governorate.
The ministry explained that the field campaign is part of its ongoing efforts to monitor commercial establishments’ compliance with applicable regulations and laws, ensure consumer rights are protected, and identify illegal practices that affect market transparency. It added that these measures were taken in response to complaints about some shops refusing to sell gold except in large quantities. It affirmed that the inspection teams took legal action against violators in accordance with applicable laws, contributing to market regulation and preventing illegal practices.
It urged consumers to report violations or observations related to sales through official channels, confirming the continuation of its monitoring campaigns in various markets to guarantee consumer protection and proper conduct of commercial transactions. Official data revealed that the inspection teams from the ministry recorded 322 violations since the outbreak of war in Iran. These violations were found in multiple sectors, including gold shops, supermarkets, juice and refreshment shops, meat markets and water tanker services.
The violations included artificially inflated prices, commercial fraud, underweight products and non-compliance with regulations, while 10 warnings were issued to several violating establishments. The campaigns led to the discovery of violations in various governorates, with Farwaniya and Ahmadi Governorates recording the highest number of violations, followed by Jahra, the Capital, Hawally and Mubarak Al- Kabeer. The ministry also implemented 10 closure orders, including central markets and shops, in addition to the immediate closure of an unlicensed warehouse and discovery of violations related to improper storage. These campaigns are in coordination with the Public Authority for Food and Nutrition (PAFN), particularly in the Capital, where a number of violations related to food safety were recorded.
By Marwa Al-Bahrawi Al-Seyassah/Arab Times Staff
