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MENAFN - Arab Times - 03/02/2013

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(MENAFN - Arab Times) Minister of Comm-erce and Industry Anas Al-Saleh has voiced optimism on the draft bills prepared by the ministry, hoping the National Assembly will approve them in its next session, reports Al-Rai daily.

In a recent press statement, Al-Saleh revealed the ministry has drafted bills on the Commercial Agencies Law, products regulation and small projects.

On the other hand, sources said the Cabinet has instructed the Economic and Financial Affairs Committee to prepare a report about the major amendments on the Financial Markets Authority Act - one of the priorities submitted by the government to the National Assembly. Sources clarified this came after the executive noticed contradictions in some articles, especially those related to the privatization of the stock market.

Sources said the Cabinet is expected to submit a separate bill on the stock market privatization or the formulation of a separate chapter to be included in the Act. Sources added the bill will be submitted to the Fatwa and Legislation Department for review before referring it to the National Assembly for approval.

Meanwhile, former MP Musallam Al-Barrack has refuted allegations that he is involved in any sort of dialogue with any party in the government concerning the current phase, reports Al-Rai daily.

However, he said, if the government wants to get involved in a dialogue, this dialogue should be in line with the Constitution. Moreover, it will have to do away with all the amendments made to the Election Law.

"Talking about dialogue or reconciliation means some parties are ready to give up their stance. However, our stance is in compliance with the Constitution and keeping in check manipulations committed against the electoral system," he noted. For his part, former MP Khaled Al-Sultan also refuted allegations of political reconciliation. He said, any talk about reconciliation must be in line with the Constitution and re-activation of the earlier Election Law. He added the country needs political reforms to help it reach a safe shore.

Meanwhile, member of the nullified 2012 Parliament Riyadh Al-Adsani said, "We support any movement if it is in liaison with the Constitution and the public interest."

Former MP Mohammed Al-Khalifa said adhering to the Constitution is the best solution for the success of any initiative or negotiation with any group to correct the current position.

Meanwhile, the Ministry of Communications has affirmed it had nothing to do with the issue of Twitter in Kuwait. The service was interrupted Thursday morning and became normal at 9:00 pm, reports Al-Watan Arabic daily.

Assistant Undersecretary for Legal Affairs and Chairperson of the Permanent Committee for Communications at the Ministry Abdul Mohsen Al-Mushawit quoting sources from the telecommunications companies said the reason for the interruption was technical malfunction in the servers.

 






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