Quotes: 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

 


Arab Times




  MENA News Headlines
 Jul 24 2016 - Oman to start trial work for spot market by 2019MENAFN
(MENAFN) Oman aims to start trial work for a spot market for electricity by 2019 and commercial operation in the coming year.Furthermore, the market is a substitute route for power producers to sell ...

 Jul 24 2016 - Egypt's VAT aims to low its budget deficitMENAFN
(MENAFN) Diesel and octane prices will not increase under the new Value Added Tax (VAT), which is recently being discussed in parliament.Additionally, the price of fuel at the pump is included in the ...

 Jul 24 2016 - General Channels have the highest average advertising rates in 2016MENAFN Press
(MENAFN Press) New research from the Arab Advisors Group reveals that FTA satellite TV average ad rates are highest during night time between 21:00 and 22:00 Saudi Arabia's time. Peak average ...

 Jul 24 2016 - Qatar to give USD30mn for Gaza public sector employeesMENAFN
(MENAFN) Qatar will give USD30mn in order to help pay the salaries of thousands of Gaza Strip public sector employees.Accordingly, the payment of USD31.01mn was to alleviate suffering and financial ...

 Jul 24 2016 - Dubai real estate market posts USD15.5bnMENAFN
(MENAFN) Arab and foreign investors poured USD15.51bn into Dubai's real estate market in the first half of this year.Moreover, the majority of them were from GCC States, which invested in the Dubai ...

 Jul 24 2016 - Aluminum Bahrain net income declines in Q2MENAFN
(MENAFN) Aluminum Bahrain (Alba) posted a 45.4 percent drop in second-quarter net profit, which reached USD43.2mn, compared with a USD78.45mn in an earlier period.However, the firm reported weak ...

 Jul 24 2016 - IMF grants USD3.5bn credit line to MoroccoMENAFN
(MENAFN) The Intl' Monetary Fund (IMF) granted Morocco a two-year USD3.5bn credit line for structural reforms to boost economic growth.Moreover, the Precautionary Liquidity Line (PLL) is meant for ...

 Jul 24 2016 - NAT allocates rail work for Metro Line 3 in EgyptMENAFN
(MENAFN) The National Authority for Tunnels (NAT) assigned application of the rail work for Metro Line 3 to the ETF-ORC-TSO association.Additionally, the financial offer made by the ETF-ORC-TSO ...

 Jul 24 2016 - The number of High Definition channels is on the rise in the MENA regionMENAFN Press
(MENAFN Press) By May 2016, the satellites covering the Arab World carried 212 HD channels up from 195 HD channels by March 2015. A new report from Arab Advisors Group overviews the High ...

 Jul 24 2016 - Dow and DuPont Stockholders Approve MergerMENAFN Press
(MENAFN Press) United Arab Emirates, July 21, 2016— DuPont (NYSE:DD) and The Dow Chemical Company (NYSE:DOW) announced that, at their respective special meetings of stockholders held on July ...

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