Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Panel nod on BOT Law amendment  Join our daily free Newsletter

MENAFN - Arab Times - 14/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) MP Mubarak Al-Khreinej has forwarded questions to Finance Minister Anas Al-Saleh on the alleged smuggling of a large quantity of drugs through Shuwaikh Port



Al-Khreinej said there are many drug-related cases in the country and the spread of drugs is harmful to Kuwaiti youths. He revealed officials from the Drug Control General Department (DCGD) recently intercepted the smuggling of about three million Captagon pills through Shuwaikh Port



The lawmaker wants to know why the department has failed to detect such a large quantity of drugs upon entering the country. He asked whether there are flaws in the performance of the department; especially in terms of drug smuggling and if yes, he requested for details like the names of persons behind the flaws



He inquired if the Containers Division at the port is facing shortage of equipment and tools for inspection as stated in a report published by a local newspaper. If yes, he demanded for information on the causes of the shortage. He also asked about the measures taken by the General Customs Department in developing the inspection methods in accordance with the modern international system. What steps have been taken by the department in providing the official border posts with modern devices to detect contrabands and to protect the society from drugs? Is there a mechanism for rewarding customs officers who discover and confiscate drugs and other contrabands? If yes, please provide details on the form of distribution, and if no, why did the State not adopt such a system which is currently implemented in many other countries. On another issue, Al-Khurainej submitted questions to Minister of Education and Higher Education Ahmed Al-Mulaifi on the allegations that a teacher raped a student and the distribution of liquor inside a school in Hawally



This came after the publication of reports about these incidents in Alam Al- Yawm and Al-Shahid newspapers Al-Khurainej demanded for clarification on the reports. If these are true, what legal action has been taken against the administration of the school, those involved in the distribution of liquor and the teacher accused of raping a student? He requested for copies of investigations on both incidents and the identities of those involved. In the meantime, the Financial and Economic Affairs Committee in the Parliament on Sunday approved a draft bill on the amendment of BOT Law number 7/2008



Committee member Faisal Al- Kandari regards the amendment bill as a dream come true since the current law is full of flaws. He said these flaws have negatively affected Kuwait's stock market and led to the transfer of more than KD 25 billion worth of investments from this country to Dubai, not to mention the loss of many employment opportunities



He revealed the major amendments include establishment of the Public Authority for Projects and some projects may be taxexempt. On another issue, the Legislative and Legal Affairs Committee has postponed for two weeks the finalization of a bill to amend the Financial Markets Authority Law number 7/2010. Rapporteur of the committee MP Abdul-Kareem Al-Kandari explained the government has asked for a grace period to present its opinion on the proposal. He added the committee postponed deliberations on a bill to amend the Administrative Court Law until the Civil Service Commission and Ministry of Justice present their views; while it rejected request of the Public Prosecution to lift the immunity of MP Sadoun Hammad Al- Otaibi. Also, the lawmaker confirmed that the Parliament has approved the proposal to grant allowances and bonuses to teachers in the ministries of Education and Awqaf, as well as the proposed establishment of the Public Authority for Cooperatives



Furthermore, Chairman of the Housing Affairs Committee Faisal Al-Kandari said they discussed Sunday a number of issues related to the housing crisis with State Minister for Housing Affairs Yaser Aboul. He unveiled a plan to distribute 12,800 housing units this year, stressing that work is underway to prepare a legislation to increase the number of housing units in the coming years. On another note, Rapporteur of Public Utilities Committee Mohammed Al-Hadya disclosed they discussed Sunday the Public Transportation Authority Bill but the panel asked the government to postpone deliberations, so it can present its opinion in a meeting with the communications minister next week

 






  MENA News Headlines
 Jul 24 2014 - A forgotten tragedyUN experts call for a stronger response to internal displacement in NigeriaMENAFN Press
(MENAFN Press) GENEVA Switzerland July 23 2014/African Press Organization (APO)/ -- Two United Nations human rights experts today called on the Government of Nigeria and the international community ...

 Jul 24 2014 - Address by Cathy McLeod Parliamentary Secretary to the Minister of LabourMENAFN Press
(MENAFN Press) OTTAWA Canada July 24 2014/African Press Organization (APO)/ -- Check Against Delivery Good morning/afternoon. Thank you for joining us. We are here today to discuss a global ...

 Jul 24 2014 - Flydubai to start Mumbai flights in OctoberspanKhaleej Times
(MENAFN - Khaleej Times) Bai-based flydubai on Wednesday announced the launch of flights to Mumbai bringing the total number of destinations served by the carrier in India to seven with 25 flights a ...

 Jul 24 2014 - Dubai: A vision not an illusionspanKhaleej Times
(MENAFN - Khaleej Times) W laws will reinforce Dubais position as a sought-after global investment and business destination Hisham Abdulla Al Shirawi tells Khaleej Times “Dubai and the UAE as a ...

 Jul 24 2014 - Real estate deals in Dubai hit Dh113 billionspanKhaleej Times
(MENAFN - Khaleej Times) Ga projects and investor confidence behind strong transaction volumes The launch of mega projects and renewed investor confidence have boosted real estate transactions in ...

 Jul 24 2014 - Mashreq bank profit surges 40spanKhaleej Times
(MENAFN - Khaleej Times) Shreq bank announced on Wednesday a 40 per cent increase to Dh1.The bank said it net profit in the second quarter reached Dh585 million an increase of 45 per cent from last ...

 Jul 24 2014 - Marka to list on DFM in SeptemberspanKhaleej Times
(MENAFN - Khaleej Times) Rka a public joint stock company with a capital of Dh500 million on Wednesday announced plan to list its shares on the Dubai Financial Market in the second week of September ...

 Jul 24 2014 - Al Maya opens supermarket in Al Reem IslandspanKhaleej Times
(MENAFN - Khaleej Times) Maya Group has extended its reach in Abu Dhabi by opening its fourth supermarket in the countrys capital and first on Al Reem Island the company said.“The group ...

 Jul 24 2014 - Fees and commission boost FHs H1 earningsspanKhaleej Times
(MENAFN - Khaleej Times) Nance House has posted a robust consolidated net-profit of Dh61.Net fee and commission income grew by a whopping 75 per cent year-on-year to Dh35.8 million. Similarly income ...

 Jul 24 2014 - Majid Al Futtaim revenues jump 14 in first halfspanKhaleej Times
(MENAFN - Khaleej Times) Rong performance across the businesses has boosted Majid Al Futtaims first-half revenues by 14 per cent compared to same period last year the Dubai-based company announced on ...

more...


 






Google

Live Currency Rates

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help