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

Kuwait- Firms against increase in rent  Join our daily free Newsletter

MENAFN - Arab Times - 18/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Arab Times) Several owners of companies have submitted their grievances to the Kuwait Chamber of Commerce and Industry (KCCI) asking to prevent the Public Ports Authority from raising the rent of stores.

This came following rumors that the Authority plans to cancel old contracts and increase rents.

According to reliable sources a group of businessmen have complained about the damage the decision by the Authority may cause also because the ports Authority has evacuated some tenants in the name of offering those places for public auction.

On the other side, sources have affirmed the ports Authority made a study related to its revenues from those stores that are being rented for years at the cost of 200 fils per square meter.

It has also been reported the ports Authority aims to reconsider the rent process by changing the rental structure and that is one of the reasons why some tenants have been forced to evacuate.

 






  MENA News Headlines


 
Taqs






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
Marketwatch News
UPI News
Comtex News

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