Commodities
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The Prices Of Commodities And Goods Continue To Increase In The Local Market17 October 2015The prices of commodities and goods continue to increase in the local market and burn the pockets of consumers due to the greed of Traders especially during special occasions...Subsidy Cut On 17 Commodities14 December 2015High-ranking sources from the Ministry of Finance have said the decision to reduce subsidy on 17 commodities, including fuel, will be implemented in the current fiscal year (2015-2...Cooperative Societies Warned Of A Wave Of Catastrophic Price Hikes28 November 2016The Union of Consumer Cooperative Societies and officials of cooperative societies warned of “an upcoming wave of catastrophic price hike” which will affect the prices...Prices Of Some Essential Commodities Increased By 25 Percent26 January 2017The prices of some essential commodities such as milk, eggs, vegetables, meat, fish and seafood has skyrocketed by up to 25 percent, due to lack of any real monitoring for curbing...Citizens And Expats Expressed Objection Of Imposing Tax On Money Transfers30 January 2017Reacting to the information, several citizens and expatriates expressed serious objection to the idea of imposing tax on money transfers made by expatriates. They said such a move...Bill Ban On New Financial Fees For State Public Services And Revoked Recent Decision To Rise Fuel Electricity And Water Prices20 February 2017The parliamentary financial and economic affairs committee approved on Sunday a bill stipulating ban on new financial fees for the State public services. Such fees must be applicab...Ministry Is Fighting Against The Sale Of Food Rations Or Subsidized Commodities01 March 2017Assistant Undersecretary for Commercial Monitoring and Consumer Protection in the Ministry of Commerce and Industry Eid Al-Rushaidi has affirmed that the ministry is fighting again...Ku Asked Ministry Of Finance To Urgently Transfer Kd20 Million07 March 2017Kuwait University has asked Ministry of Finance to urgently transfer KD20 million to its account as an “exceptional amount”, reports Al-Rai daily. Secretary General of...Uae Will Be Affected By Introduction Of Vat Says Bmi07 March 2017The introduction of the value-added tax (VAT) by the GCC from January 1, 2018, will only have a short-term impact on the spending power of locals and expats, according to a new rep...Ministry To Ensure Tax Not Exploited For Pricing13 March 2017Deputy Prime Minister and Minister of Finance said his ministry will study the possibility of exempting some sectors from valued added tax (VAT) because of their importance, when s...Moc And Industry Will Enforce Stiff Penalties Against Traders23 March 2017The Ministry of Commerce and Industry will enforce stiff penalties against traders who lift or manipulate with commodities’ prices, the minister warned on Wednesday. The depa...Opec , Non-opec To Look At Extending Crude Oil Output Cut By Six Months27 March 2017A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a stat...Freezing The Economic Reform Document Not Affect The Prices Of Fuel06 April 2017Recent statements about freezing the economic reform document does not mean the new prices of fuel, water and electricity will be revoked, reports Annahar daily quoting source. The...Panel To Guard Against Ramadan Price Rise On Some Commodities Across The Gcc Countries07 May 2017Ministry of Commerce and Industry has issued a ministerial decision to specify 120 commodities to be included for unified prices across the GCC countries, revealing that these comm...Mosa Affirmed That There Is No Extraordinary Increase In Prices Of Commodities During Ramadan09 May 2017Minister of Social Affairs and Labor, and State Minister for Economic Affairs Hind Al-Sabeeh affirmed that there is no extraordinary increase in prices of commodities at cooperativ...