Latest News
- Ministry Of Education Uncovers Salary Payments To Absentees
- Kuwait Banks Seek Clarity From Central Bank On Citizenship Revoc...
- Kuwait Organizes 30 Events To Protect Children From Tobacco Indu...
- Proposal For Residential City South Of 6.5 Ring Road Rejected Ov...
- Gulf Electrical Interconnection Project Will Boost Kuwait's Elec...
- Warning Issued To Private Sector: Delayed Wage Payments Could Le...
- Kuwait Arrested 18 Drug Dealers
- 8 More Mental Health Clinics To Be Open
- Fishermen's Makeshift Houses Ordered To Be Removed By Kuwait
- Kuwait Cracks Down On Bachelors
- Non-oil Exports Of Kuwait Reached 106 Million Dinars In January,...
- Kuwait Joins The Global Celebration Of World Press Freedom Day
Moci Said The Ministry Is Currently Working On An Electronic System To Monitor Prices In The Local Market
In another attempt to control unjustified price hikes, Minister of Commerce and Industry Khaled Al-Roudhan said the ministry is currently working on an electronic system to monitor prices in the local market.
Although the accessibility details have yet to be disclosed, the minister explained that the system will list prices of around 500 products sold in various outlets allowing consumers to monitor and compare prices.
On the benefits that this system will provide to retailers, Al-Roudhan pointed out it will create a competitive atmosphere where the best offers and discounts will undoubtedly attract more consumers.
Furthermore, responding to queries submitted by several MPs including Riyadh Al-Adsani who is known for following up anticorruption measures, the minister confirmed the cancellation of 63 commercial licences due to various violations since the beginning of the year.
He attributed this to the constant inspection conducted by 30 teams in cooperatives, shopping centres and other smaller outlets.
Also, the ministry closely monitors festivals that affect the markets, including Ramadan shopping festivals. He explained outlets must obtain licences for discounts or special offers, indicating they are required to submit details of the campaign including costs and prices. He added the inspection teams carry out surprise and anonymous visits everyday, including weekends and official holidays, to ensure strict compliance with the law. He revealed the ministry recently increased the number of commercial inspectors and updated the 135 hotline for receiving consumers’ complaints.
Moreover, the parliamentary Replacement and Employment Crisis Committee, as well as the Education Committee, will discuss important topics on Sunday. Sources said both committees are leaning towards postponing submission of their reports until the next term due to disagreements with the executive authority and discontent amongst MPs who believe that the reports are far from complete and require further investigation and preparation. On the other hand, the Budget and Final Accounts, Financial and Economic Affairs, and Legal and Legislative committees will also convene on Sunday to discuss the financial status and reserves of the country as MPs are keen on finalizing these matters during the special session scheduled for June 25, 2018 rather than postponing them until the next term.
Â
SOURCE : ARABTIMES
Trending News
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Ministry Announces Separate Time For Amnesty Seeke...
21 April 2024
-
The Ministry Connects With Violators Of Residency...
23 April 2024
-
AstraZeneca Admits Covid Vaccine Can Cause Rare Si...
29 April 2024
-
Work Permits Will Be Issued For One Year Under The...
27 April 2024
-
3 Expats Caught In Salmiya With 213 Bottles Of Loc...
23 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
-
Al-Nuer Festival Celebrates Kuwaiti Agriculture Wi...
22 April 2024
-
Peak-time 'cut-offs' Raise Fears Of An Electricity...
22 April 2024
-
Road Trip From Kuwait To Bahrain Via Saudi: Travel...
22 April 2024
Comments Post Comment