Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Issuance of work permits to be allowed soon  Join our daily free Newsletter

MENAFN - Arab Times - 30/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) "Ministry of Social Affairs and Labor will soon allow the issuance of work permits for various commercial licenses in the private sector starting from April whereby the work permits will be issued based on the need of the industrial and commercial establishments for manpower", official ministerial sources say



They went on to say, "The distribution of manpower quota for the companies will be based on a number of conditions including the financial status of the company and its commercial category as per the Central Tenders Committee, which will entitle it to obtain 50 percent of its labor force from overseas and rest from local market



The companies with foreign partnership or with trademark registered under the Ministry of Commerce and Industry will be entitled to obtain 20 percent of its workforce from overseas and rest from local market". "The manpower quota allotted for companies with specifications lesser than abovementioned such as owners of small projects like Turk shops, saloons and laundry shops will be lower", sources added



They stressed that the process of granting work permits will be closely monitored and scrutinized, warning that violators will be deported while the company that sponsored them will be heavily fined and its file will be closed

 


Arab Times




  MENA News Headlines
 May 26 2015 - Kuwait's trade surplus with Japan narrows sixth monthKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's trade surplus with Japan narrowed 34.0 percent in April to JPY 63.8 billion (USD 524 million) from a year earlier, shrinking for the sixth month, as ...

 May 26 2015 - US dollar firms at KD 0.302 against Kuwaiti dinarKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.302 on Monday, while the euro dropped to KD 0.332 compared to Sunday's rates.The ...

 May 26 2015 - GCC coordinates to unify customary measures at train stations by 2018 - Kuwaiti officialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Gulf Cooperation Council (GCC) states started considering the implementation of unified customary measures to transfer goods and passengers of member states ...

 May 26 2015 - KSE ends Monday's trading in red zoneKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait Stock Exchange (KSE) ended Monday's session on red board as the weighted index shed 2.04 points, reaching 420.98, the price index went down by 6.98 points ...

 May 26 2015 - SNB interested in Kuwait's economic policies - EnvoyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Swiss National Bank (SNB) pays more attention to Kuwait's economic policies, development projects and investments, said Kuwaiti Ambassador to ...

 May 26 2015 - Kuwait enjoys strong financial solvency - expertKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait enjoys strong financial solvency and is projected to record budget surplus as the crude oil price stayed above USD 55 per barrel benchmark, a leading ...

 May 26 2015 - Multinat'l investment fund to be launched in EgyptKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Egyptian Minister of Commerce, Industry and SMEs Munir Fakhri Abulnour said Monday Egypt has launched a new investment fund in collaboration with Russia and the ...

 May 26 2015 - Bahrain forces arrest wanted "terrorist," seize explosives - MoIKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Bahrain Interior Ministry said Monday it arrested a person wanted for committing several crimes, and found explosives and guns in his possession which would be ...

 May 26 2015 - Kuwait's crude oil exports to China triple - dataKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's crude oil exports to China in April nearly tripled from a year earlier to 1.62 million tons, equivalent to 395,000 barrels per day (bpd), government data ...

 May 26 2015 - Winner Puts Refugee Issue On ScreenArab Times
(MENAFN - Arab Times) The debate around the world about what to do with growing waves of desperate migrants will be spurred by a Cannes Film Festival triumph for a movie that looks at the plight of a ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

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