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
 Sep 2 2014 - Kuwait M2 surges 0.92 in JuneArab Times
(MENAFN - Arab Times) KUWAIT CITY Aug 11 (KUNA): Kuwait's Money Supply (M2) surged to KD 34305.3 million up 0.9 percent month-on-month announced Monday the Central Bank of Kuwait. In its monthly ...

 Sep 2 2014 - S1P affirms Kuwait AAA-1 credit ratingArab Times
(MENAFN - Arab Times) KUWAIT CITY Aug 16 (KUNA): Standard & Poor's (S&P) on Friday affirmed its 'AA/A-1+' long- and short-term foreign and local currency sovereign credit ratings on Kuwait ...

 Sep 2 2014 - Kuwait's July inflation rises by 2.712: reportArab Times
(MENAFN - Arab Times)  KUWAIT CITY Aug 25 (KUNA): Kuwait's annual record of the general index of consumer prices (inflation) rate rose in July by 2.71 percent compared with the same month of ...

 Sep 2 2014 - Summary of Local News Released Monday -1-Qatar News Agency
(MENAFN - QNA) - The State of Qatar has condemned human rights violations in Iraq, including killings , war crimes, crimes against humanity, practices of forcible displacement and deprivation of the ...

 Sep 2 2014 - US Calls on Israel to Reverse its Land Appropriation DecisionQatar News Agency
(MENAFN - QNA) The US administration criticized Tuesday Israel's announcement of confiscating 3,800 dunams of Palestinian land in the West Bank for settlement activity. A US State Department ...

 Sep 2 2014 - Spain condemns Israeli decision to seize Palestine lands in W. BankKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Spain Monday condemned the Israeli government's decision to seize hundreds of acres of Palestinian lands in the West Bank, urging the Israeli authorities to ...

 Sep 2 2014 - UNHRC demands Iraq to bring to justice ISIL perpetratorsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) UN Human Rights Council (UNHRC) Monday approved a resolution demanding Baghdad to bring to justice militants of the Islamic State in Iraq and the Levant (ISIL) ...

 Sep 2 2014 - Saudi Crown Prince Salman meets Hollande on Mideast, bilateral tiesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Saudi Crown Prince Salman Bin Abdulaziz, who is also deputy Prime Minister and Defence Minister, kicked off an official visit to Paris Monday evening by dining at ...

 Sep 2 2014 - Battles NE Syria prompt mass exodus - SOHRKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Syrian army intensified the bombardment on the northeastern city of Al-Hasakah city, forcing some 60,000 residents to flee their homes in the recent days, the ...

 Sep 2 2014 - GCC expected to have 4.2 pct growth this year - reportKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A recent economic report has expected the Gulf Cooperation Council (GCC) to achieve a growth rate of 4.2 percent this year, worth about USD 1.7 trillion, compared ...

more...


 






Google

Click to Apply

 
 

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