Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait - MP 'withdraws' plan to grill oil min spotlight on finance   Join our daily free Newsletter

MENAFN - Arab Times - 23/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) MP Riyadh Al-Adsani praised Minister of Oil Dr Ali Al-Omair for the steps he has taken to resolve the issues the lawmaker raised earlier. Al-Adsani said he will no longer push through with his plan to submit an interpellation request against the minister due to the latter's cooperation. He confirmed the minister had stopped violations in the distribution of farm lands, took the necessary legal procedures against erring officials, and answered his queries on the Dow Chemical and diesel theft/spillage issues. He added the minister deserves praise as he proved his willingness to cooperate by taking these steps.



He explained that his threat to submit an interpellation motion against the minister was merely a supervisory maneuver aimed at ensuring everything is running on the right path. He asserted hostility through interpellations was never his end-goal as he merely wanted to protect public interest and put a stop to violations by activating the minister's supervisory role over officials who cause harm to the government and public funds. He added he gave the minister three days to correct the errors and since the minister has cooperated with him, his interpellation threat has been rendered unnecessary. "We should not stop here, as the necessary follow-up steps must be taken to ensure supervision over officials who squander public funds," he concluded. Meanwhile, the attention of some MPs has been directed at the minister of finance in the past couple of days due to numerous violations in authorities and companies.




MP Faisal Al-Kandari explained the reason behind the amendments to the defaulters and family fund laws is to ease the financial burden of Kuwaitis who are in debt. He attributed the problem to the government's poor supervision over banks; consequently forcing the Assembly to shed more light on this issue to ascertain full compliance with the law among the banks. He also affirmed that the mistakes committed from 2002 to 2008, the period which led to the issue, will not be repeated; warning the repercussions will be severe if the minister fails to implement the amendments and maintain constant and strong supervision over banks



On the other hand, MP Hamdan Al- Azmi claimed the financial violations continue to spread within the management of National Offset Company (NOC) despite the numerous complaints sent to its higher management. Adding that violations and irresponsible decisions continue to spread while complaints and notices are being disregarded, the MP also mentioned the State Audit Bureau (SAB) had previously presented several reports which condemn NOC, as well as notices regarding its violations; but no one has done anything to correct these violations. Moreover, the MP wondered why there has been no initiative from the company officials or the government in terms of correcting millions of Kuwaiti dinars worth of violations. He urged the minister to clarify why he has not taken any action regarding this issu


 


Arab Times




  MENA News Headlines
 Feb 7 2016 - Shehzad stars for Quetta, Lahore beaten againGulf Times
(MENAFN - Gulf Times) Under-pressure Pakistan opener Ahmed Shehzad hit form at the right moment as he scored 71 off 61 balls to help Quetta Gladiators defeat Karachi Kings by eight wickets in the ...

 Feb 7 2016 - QF's NSD activities to promote fitness, healthy lifestylesGulf Times
(MENAFN - Gulf Times) Qatar Foundation for Education, Science, and Community Development (QF) is set to celebrate National Sport Day with a jam-packed schedule that will feature over 60 exciting ...

 Feb 7 2016 - Exciting family activities at Aspire ZoneGulf Times
(MENAFN - Gulf Times) Aspire Zone Foundation (AZF) is organising a variety of activities on National Sport Day (NSD) designed to encourage people to stay fit and promote sports activity. The ...

 Feb 7 2016 - GCC Swimming ChampionshipsGulf Times
(MENAFN - Gulf Times) Khalid Abdullah, head of Public Relations Committee of the 13th GCC Swimming Championships (25m), handed over the medals to the winners on the final day of the competitions. ...

 Feb 7 2016 - Meet Qatar heroes who are on their way to Rio GamesGulf Times
(MENAFN - Gulf Times) While there are only two days to go until the whole of Qatar comes together in a celebration of sport for the annual National Sport Day (NSD), there are less than six months to ...

 Feb 7 2016 - Key combination CTRL + X has been disabled.Gulf Times
(MENAFN - Gulf Times) Qatari high-jumper Mutaz Essa Barshim warmed up for the hectic 2016 season with a 2.29m jump to win the high jump competiton at the Pedro's Cup indoor meeting in Lodg, Poland, ...

 Feb 7 2016 - Camels blow away Hurricanes in openerGulf Times
(MENAFN - Gulf Times) Qatar Rugby 7s League got off to an explosive start as the Camels 1 picked up a massive 50-0 victory over DRFC Hurricanes in the opening game at Aspire Park last evening.Camels ...

 Feb 7 2016 - Benfica and Aspire Football Dreams share spoilsGulf Times
(MENAFN - Gulf Times) ur goals, two missed penalties, and countless chances illuminated a gripping game between Benfica and Aspire Football Dreams at Al Kass 2016.Chances were few and far between in ...

 Feb 7 2016 - VIPs, fans show support on day one of Al Kass 2016Gulf Times
(MENAFN - Gulf Times) Local football fans descended upon the Aspire Zone on Friday for an exciting opening day of events at the 2016 Al Kass International Cup.With the first of three games kicking ...

 Feb 7 2016 - Non-oil sector contribution to GDP seen at 70% next year: QFC execGulf Times
(MENAFN - Gulf Times) The Qatar Financial Centre Authority (QFCA) CEO has said he is "looking at 70% contribution" from the country's non-hydrocarbon sector to the national gross domestic product ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help