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News On Funds

Freeze On Few Brokers Funds According to investment sources, the process of updating the data of the clients of brokerage companies operating in the Kuwait Stock Exchange who hold dormant trading accounts or those whose data is ... October 31, 2021 208 Category: Kuwait

Future Fund Revenue Up 33%; Reserve Depleting Kuwait’s financial position is “very strong” and propped up by the “Future Generations” reserve fund, the country’s finance minister said on Thursday, pointing out ... July 01, 2021 271 Category: Kuwait

exdeputy-ministers-sentenced-to-7-years-in-prison-for-mishandling-public-funds_kuwait

Ex-deputy Ministers Sentenced To 7 Years In Prison For Mishandling Public Funds The Kuwaiti Criminal Court passed strong judgement against two ex-deputy ministers from the Ministry of Health and three employees from the Ministry of Islamic Affairs for mishandling of public fund... December 28, 2020 379 Category: Crime News

MOE Supervisor Probed For Wasting Public Funds Kuwait Anti-Corruption Authority (Nazaha) recently referred a former supervisor at the Ministry of Education to the Public Prosecution on charges of wasting public money as part of continuous efforts ... December 28, 2020 333 Category: Crime News

mpw-part-in-public-funds-wastage--some-employees-paid-unjustly_kuwait

MPW, PART In Public Funds Wastage – Some Employees Paid Unjustly Monitoring reports have recorded a number of observations related to employee affairs in the Ministry of Public Works and the Public Authority for Roads and Transportation that resulted in the wastage... December 15, 2020 1365 Category: Information

finance-ministry-rejects-funds-for-road-development-projects_kuwait

Finance Ministry Rejects Funds For Road Development Projects The Public Authority for Roads Transport (PART) had written to the Ministry of Finance (MoF) for approval for contracts towards financing five projects for launch but was surprised when the Finance Mi... October 06, 2020 627 Category: Kuwait

mof-refuses-funds-for-5-vital-road-projects--oil-projects-have-priority_kuwait

MoF Refuses Funds For 5 Vital Road Projects – Oil Projects Have Priority The Ministry of Public Works (MPW) says the Ministry of Finance has refused to approve 5 vital road projects – two of which are the first and second stages of the Salmi Road development &n... October 05, 2020 621 Category: Information

a-kuwaiti-blames-iico-chairman-of-embezzling-26m-public-funds-donated-to-pakistan_kuwait

A Kuwaiti Blames IICO Chairman Of Embezzling $26m Public Funds Donated To Pakistan A Kuwaiti man Naif Mansour Al-Hajri, through his Lawyer Saleh Al-Enezi, submitted a complaint to the Public Prosecution Department against the President of the International Islamic Charitable Organiz... September 19, 2020 1137 Category: Information

pledge-to-recover-public-funds-as-millions-stolen-in-govt-sector_kuwait

Pledge To Recover Public Funds As Millions Stolen In Govt Sector Government seeks to recover stolen public funds through several monitoring, statistical and investigative methods as shown in official documents that prove cases and reports of public funds violations... September 01, 2020 233 Category: Economics

moi-continues-to-fight-corruption-culprits-will-be-punished-funds-will-be-protected_kuwait

‘MoI Continues To Fight Corruption, Culprits Will Be Punished, Funds Will Be Protected’ Deputy Prime Minister and Minister of Defense Sheikh Ahmad Al-Mansour affirmed the ministry is continuing to fight corruption, in order to protect public funds and prosecute all those who have authori... July 12, 2020 424 Category: Kuwait

Top Official Of Public Authority Probed In Funds Mishandling Kuwait Anti-Corruption Authority (Nazaha) on Sunday referred director general of a public authority to the general prosecution to cross examine charges by Minister of Awqaf and Islamic Affairs (justic... January 27, 2020 304 Category: Kuwait

december-10-hearing-set-in-ministers-funds-scam_kuwait

December 10 Hearing Set In Minister’s Funds Scam The Ministerial Court has set Dec 10 for the presentation of the case on misappropriation of public funds involving former Health minister Dr Ali Al-Obaidi and seven other defendants. The Public Prose... November 28, 2019 232 Category: Crime News

prosecution-ends-probe-in-moi-suspected-funds’-squandering_kuwait

Prosecution Ends Probe In MoI Suspected Funds’ Squandering The Public Prosecution finalized cross-examining the case of a libel suit that had been presented by the Ministry of Interior with respect of “seizing and facilitating seizure of public funds&rd... January 24, 2019 404 Category: Kuwait

suspect-wanted-in-kpa-funds-scam-flees-on-disabled-brother’s-passport_kuwait

Suspect Wanted In KPA Funds Scam Flees On Disabled Brother’s Passport Attorney Abdullah Al- Kandari, who is handling the case of Misappropriations at the Kuwait Ports Authority said, one of the suspects who had been sentenced in absentia to15; years in jail, has escaped... January 13, 2019 412 Category: Crime News

14-troubled-funds-are-invested-by-the-public-institute_kuwait

14 Troubled Funds Are Invested By The Public Institute According to official figures a copy of which has been acquired by the Al-Rai daily, there are 14 troubled funds invested by the Public Institute for Social Security, reports Al-Rai daily. Accordin... January 03, 2019 289 Category: Business

Kuwait To Dubai FREE OUR FUNDS Dubai has resisted efforts by Kuwait to release nearly $500 million in frozen funds at the heart of a money laundering probe straining relations between the two Gulf allies, according to correspondenc... December 06, 2018 525 Category: International

former-kuwait’s-health-minister-probed-in-funds-scam_kuwait

Former Kuwait’s Health Minister Probed In Funds Scam In an unprecedented judicial move, the commission for inquiry into the trial of ministers, which was established in 1995, has decided to refer former minister of Health Dr Ali Al-Obaidi to the Court o... November 09, 2018 669 Category: Crime News

Kuwait SAB Announces KD 249m Financial Savings In Public Funds Kuwait’s State Audit Bureau (SAB) announced on Saturday making financial savings in public funds at the value of KD 249 million (around $820 million due) to supervisory activities it fulfilled i... November 04, 2018 374 Category: Business

12-top-mpw-officials-probed-in-funds-scam_kuwait

12 Top MPW Officials Probed In Funds Scam The State Audit Bureau has decided to refer 12 heads of departments and engineers of Ministry of Public Works for investigation concerning the financial violations observed in the project of sewage pu... October 28, 2018 352 Category: Crime News

audit-finds-misappropriation-of-funds-–-more-then-kd-120,000-paid-for-absentees_kuwait

Audit Finds Misappropriation Of Funds – More Then KD 120,000 Paid For Absentees After the State Audit Bureau found out that the Ministry of Education wrongly paid a large amount to certain staff on study leaves and missions, the bureau discovered payment of salaries– more t... October 21, 2018 552 Category: Kuwait

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